Euro's Climb vs. Dollar Signals Trouble for EU Exporters

Euro's climb vs. dollar signals trouble for EU exporters

Donald Trump's tariffs were meant to prop up the dollar, but the opposite happened. With the euro and others strengthening against the US currency, European exporters and US offshorers could soon feel the pinch.

Falling dollar brings savings for Finns, trouble for exporters

The US dollar has lost around 15 percent of its value against the euro since January, falling from €0.97 to €0.85, according to data released this week. The drop is linked to waning confidence in the US economy and is affecting Finnish consumers and businesses in different ways. The decline means cheaper imported goods for consumers and more affordable travel to dollar-pegged destinations. But for exporters, the shift introduces new uncertainty.

EUR/USD Analysis: Rally May Be Under Threat - Action Forex

The euro has appreciated by approximately 15% against the US dollar this year, as confidence in the United States continues to wane. As ECB Chief Economist Philip Lane noted in an interview at CNBC: “There is a degree of reorientation by global investors towards the euro.” At the same time, officials at the European Central […] The post EUR/USD Analysis: Rally May Be Under Threat appeared first on Action Forex.

EUR/USD Analysis: Rally May Be Under Threat

The euro has appreciated by approximately 15% against the US dollar this year, as confidence in the United States continues to wane. As ECB Chief Economist Philip Lane noted in an interview at CNBC: “There is a degree of reorientation by global investors towards the euro.”At the same time, officials at the European Central Bank have expressed concern that the rapid strengthening of the euro could undermine efforts to stabilise inflation at 2%. T…