Reported 1 day ago
The euro reached a one-month high against the U.S. dollar after President Trump postponed proposed 50% tariffs on EU imports, while investors remain cautious about ongoing trade negotiations. The euro climbed to $1.1418, marking a 10% gain in 2025, amid a broader decline in the dollar as investors shift focus to non-U.S. markets. European Central Bank President Christine Lagarde suggested the euro could enhance its position as a global currency if the EU strengthens its financial stability.
Source: YAHOO