Euro vaults to one-month high after Trump U-turn on EU tariffs

Donald Trump

TOKYO/LONDON :The euro hit a one-month high against the dollar on Monday, after U.S. President Donald Trump backed down from threatened 50 per cent duties on European Union shipments from June 1, after the bloc asked for time to "reach a good deal." The dollar continued its decline against a broad swathe of other currencies as Trump's policy reversals, as well as his sweeping spending and tax-cut bill currently in legislation, turned investors off from U.S. assets. "The 'Sell America' theme,

Tag-uri: Donald Trump

Euro vaults to one-month high after Trump U-turn on EU tariffs https://www.channelnewsasia.com/ - 26.05.2025 11:35

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Euro vaults to one-month high after Trump U-turn on EU tariffs https://www.channelnewsasia.com/ - 26.05.2025 11:35