The euro and the sterling pound climbed against the dollar after the postponement of tariffs to the European Union decided by Trump, in a context of growing distrust of investors towards US assets and greater appetite for European currencies.
The euro reached a maximum of a month against the dollar on Monday, after the president of the United States, Donald Trump, reversed in his threat of imposing 50% tariffs on the European Union shipments as of June 1, since the block requested time to “reach a good agreement.”
The euro rose up to 0.55%, touching the US $ 1418 for the first time from April 29. The European currency He got up to 0.55%, playing US $ 1418 for the first time from April 29. In its last price it advanced 0.16%, AU $ S1,1393, raising the profits to 10% so far this year.
The pound sterling He advanced 0.39%, at its highest level since February 2022, to end later with an increase of 0.17%, AU $ S1,3566.
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How other shelter coins operate
Refuge currencies such as Yen and the Swiss Franco quoted down in the improvement of market confidence, but both were seen against the dollar. The green ticket fell 0.24% to its Japanese pair, 142.23 yen, its lowest level in the month, and touched a minimum of two and a half weeks of 0.8193 units before its Helvetic pair. The dollar index, which compares the American currency with a basket of six outstanding pairs, quoted stable Au $ S99.06.
Trump announced on Sunday a postponement of EU tariffs until July 9 After talking with the president of the European Commission, Ursula von der Leyen, who requested more time to reach an agreement. The announcement, although an encouraging for investors, is a hard reminder of how suddenly the US commercial policy can turn.
Source: Ambito
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