On Monday, the euro hit a three-week low after US President Donald Trump announced plans to impose 30% tariffs on European Union imports starting August 1, Reuters reported. The news weighed on the EU’s single currency as markets reacted to the potential trade escalation.
The European Union (EU) plans to strengthen cooperation with other countries affected by US President Donald Trump's import tariffs, following new trade threats against the bloc and America's other trading partners, Bloomberg reports.
On Monday, the euro hit a three-week low after US President Donald Trump announced plans to impose 30% tariffs on European Union imports starting August 1, Reuters reported. The news weighed on the EU’s single currency as markets reacted to the potential trade escalation.
German Chancellor Friedrich Merz warned that US President Donald Trump's plan to impose 30% tariffs may significantly harm domestic exporters if the two countries fail to resolve their disagreements in the coming weeks.
An increase of the indicator value may contribute to the rise in quotes of EUR.
Italy’s Economy Minister Giancarlo Giorgetti states the country plans to exit the European Union's excessive budget deficit procedure ahead of schedule, as early as 2026.
JPMorgan Chase CEO Jamie Dimon delivered a sharp critique of Europe’s economic outlook. He warned that the region’s standing on the global stage continues to weaken. As a solution, he proposed finalizing the creation of a unified market.
French Prime Minister Francois Bayrou has called on the European Central Bank (ECB) to intensify its efforts to stimulate economic growth across the EU. In an interview with LCI television, Bayrou emphasized that France needs creditors willing to invest in the country and believe in its future.
ISTAT data released on Thursday shows an unexpected decline in Italy’s industrial production in May. Following a 1% increase in April (revised down to 0.9%), experts had anticipated the positive trend to continue. However, their forecasts did not materialize.
Livio Stracca, senior ECB official, warned that severe weather events could negatively affect economic growth across the bloc. He projected that over the next five years, GDP decline could reach levels comparable to those seen during the COVID-19 pandemic, approximately 5%.
Robert Holzmann, a member of the European Central Bank’s (ECB) Governing Council, stated that no further monetary easing is needed in the region, as current borrowing costs are already providing stimulus to the economy of the bloc.
The European currency is one of the world's major monetary units. It has a crucial role to play in the global economy. Market participants constantly need to identify trends and forecast fluctuations in the euro exchange rate in order to make reasonable trading decisions.
Market manipulation by large investors has a significant impact on the exchange rate of the European currency. Their actions can both stabilize and greatly shake the money market. These may include:
Investment activity monitoring can help to understand and predict trends in the movement of the European currency rates.
Forecasting the value of the euro is a challenging task. There are many reasons for this, including geopolitical and economic risks that make foreign exchange markets particularly susceptible to change. Minor political instability or financial crisis in certain countries may have a significant impact on the value of the European currency, emphasizing the need to carefully consider these factors when developing investment strategies.
Successful trading the Eurozone currency requires a comprehensive approach. Analyzing global political and economic circumstances, taking into account the influence of traders, and assessing risks are integral parts of the decision-making process for opening trading positions.
