Wait-and-see ECB boosts euro's strong comeback as King Dollar's crown slips

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Wait-and-see ECB boosts euro's strong comeback as King Dollar's crown slips - Business Standard

Quick Summary:

Trump's pledge to hike import tariffs was a serious risk for the currency bloc's export-focused economy, Edmond de Rothschild Asset Management CIO Benjamin Melman said."China is at the forefront because this has more political impact but Europe can also be an easy target," he said.

That has helped, at least temporarily, to bolster the euro, boosting the currency more than 2 per cent against the dollar so far this month after a roughly 1 per cent drop in June.

Prospects of euro zone members wrangling over a French fiscal emergency in June revived memories of past euro sovereign debt crises pulling the common currency project close to the brink of collapse.