The euro is heading for its worst week against the dollar in nearly three years as concerns about the economic impact of the EU-US trade deal emerge in the market, Bloomberg reports. The euro has lost about 2.8% since the start of the week, hitting $1.1420
The euro is heading for its worst week against the dollar in nearly three years as concerns about the economic impact of the EU-US trade deal emerge in the market, Bloomberg reports. The euro has fallen about 2.8% since the start of the week, hitting $1.1420, the agency notes. This is the largest drop since September 2022.
Some traders have begun to wonder whether this could be a turning point for the euro, which hit a three-year high in early July, Bloomberg points out. The currency has been a key beneficiary of investors diversifying their assets away from the US.
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