Since the beginning of the year, the Euro has been strengthened by 11.7%, but is now ready for the first month to decline in 2025.
For the first time since the beginning of the year, the Euro showed a monthly denial. This is the result of the United States and EU trade transaction. Reuters reported it.
Until the morning of July 30, the rate was 1.1555 dollars after falling to 1.15185 a day before. Since the beginning of the year, the Euro has been strengthened by 11.7%, but is now ready for the first month to decline in 2025.
It is noted that the trade transaction in the United States has caused a vague reaction to Europe, as its conditions are largely in favor of the American side.
The maximum rate is July 1 – 1.1806 dollars.
The dollar index in the world’s main currencies has grown, approaching the moon of the maximum and showing the first increase from the beginning of the year. Investors remain careful before the Central Bank’s meetings of USA, Japan and Canada.
The US Federal Reserve is expected to leave a bet. However, the attention was focused on the statement of Jerome Powell’s leader, especially against the background of pressure from Donald Trump with calls to reduce the bets.
Two members of the Federal Reserve Board, Christopher Voller and Michel Bowman are expected to express disagreements if the rate remains unchanged. All three, including Powell, were appointed Trump.
According to Christina Clifton, the Senior Economist Commonwealth Bank of Australia, although disagreements within the FOMC are not uncommon, in this case they can be seen as political, and this may affect the understanding of Fed’s independence.
As you know, the United States and China agreed to expand the 90-day stop of tariffs, but the final decision will be made by Donald Trump. Stockholm negotiations ended without major success.
The main strategic investment Saxo in Singapore Char Chanan said markets are increasingly seeing tactical transactions than structures. According to him, the weakness of the conditions and absence of implementation mechanisms reduces the importance of such agreements.
The Euro grew in the dollar of 13.8% to 1.181 during the period from January to June, which became the strongest indicator for the first half of the year. In early July, the official course set a record of 49.40 hryvnias per euro. However, then the course fell beyond hryvnia up to 48.22.
Remember that the USA and the EU, after complex and long -term negotiations, concluded a new trade agreement, called by politicians the biggest in history. Trump has achieved the desirable conditions for his country, and the EU is prohibiting fewer duties than the White House promised earlier.
As reported, Germany and France strictly criticized a new trade agreement between the European Union and the United States, warning that it could cause serious damage to the EU economy.
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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.