• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

6 January 2025 19:30  |

Euro surges on Trump’s universal tariff plan rumours

The euro entered its second day of recovery and was trading above 1.0400 at the time of writing on Monday, after the President-elect considered introducing universal tariffs on essential imports only.

The positive move was further supported by the release of December’s Purchasing Managers’ Index (PMI), with Spain, Italy, France, Germany and the wider Eurozone recovering from the previous month’s readings and beating expectations.

The market also gave the euro a boost due to global political turmoil. Italian Prime Minister Giorgia Meloni broke ranks with a united Europe by visiting President-elect Donald Trump at Mar-a-Lago, while Canadian Prime Minister Justin Trudeau is set to resign this week.

Source: FXStreet

Related News

EUR/USD

EUR/USD Continues to Consolidate Amid Market Weakness

EUR/USD traded in a narrow range around 1.0400 during the European session on Friday (12/27) amid thin trading as market part...

27 December 2024 16:31
EUR/USD

Dollar at Two-Year High on Growth Outlook, Euro Tumbles

The U.S. dollar jumped to a two-year high on Thursday in the first day of 2025 trading, building on last year's strong gains ...

3 January 2025 04:28
EUR/USD

Dollar climbs, euro weakens to two-year low after PMI data

The euro fell to a two-year low while the dollar gained on Friday after gauges of business activity were released in each reg...

22 November 2024 23:24
EUR/USD

Dollar Edges To Two-Week High Vs Euro As US Payroll Data Loo...

The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy easing by the Fed...

2 September 2024 09:09
BIAS23.com NM23 Ai