Dollar pressures euro: US tariffs could hit eurozone economy.
The exchange rate of the euro against the dollar has decreased and reached a minimum since the end of June. This happened due to investors' concerns about possible US tariffs, which negatively affect the economy of the eurozone.
Currently, the euro costs 1.0685 dollars per unit, decreasing by 0.3% after reaching the lowest level since the end of June - 1.0679 dollars.
The dollar rate increased by 0.3% to 105.32 index points. Last week its value increased by over 1.5% to 105.44, the highest level since the beginning of July. This was due to Donald Trump's victory in the US presidential elections.
The dollar rate against the yen increased by 0.8% and is 153.82. At the beginning of last week, its value decreased to 154.70 due to the risk of Japan's intervention.
In general, the dollar is at levels seen after the US presidential elections relative to major currencies. This market situation is linked to economic data and statements by the Federal Reserve representatives. Investors are waiting for clarification on the outlook for US policy.
Analysts predict that Donald Trump's actions will affect inflation, bond yields, and the Fed's ability to loosen monetary policy. However, they note that investors are primarily focused on economic data and price declines before assessing the real impact of Trump's policies.
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