The euro was down 0.3% at $1.0685 after hitting $1.0679, the weakest since late June.
The euro fell to its lowest level against the dollar since late June. The reason is that investors are worried about possible US tariffs that will hit the eurozone economy. It was reported by Reuters.
It noted that the euro fell 0.3% to $1.0685 after reaching $1.0679, its lowest level since late June.
The dollar index rose 0.3% to 105.32. It jumped more than 1.5% last week to 105.44, its highest level since early July, after US presidential election results showed Donald Trump victorious.
The dollar is close to levels seen in the immediate results of the US presidential election against major currencies as markets focus on data and speeches from Federal Reserve officials and await clarity on the future policy of the US.
Analysts predict that Donald Trump’s measures will put pressure on inflation and bond yields, while limiting the Fed’s ability to ease policy.
Remind us that the average dollar selling rate in Ukrainian exchange offices rose to UAH 41.65, and the euro exchange rate fell to UAH 44.95.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.