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

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

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.