Euro hits lowest since June against dollar, US tariff may hurt EU economy

Quick Summary:

Market participants flagged that the sensitivity of the euro to the threat of higher U.S.import tariffs was evident late Friday.

Analysts expect measures from President-elect Donald Trump to put upward pressure on inflation and bond yields while limiting the Fed's scope to ease policy.

The US dollar hit versus offshore yuan its highest since early August stood at 7.2131, up 0.25per cent, having jumped 0.70per cent on Friday after falling 0.75per cent the day before.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaAustraliaChinaGermanyJapanNew Zealand

Topics: Euro hits lowest since late June vs dollar on tariff worries

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 16:39:34 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 813 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23513476

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 282 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions