Possible Europe-US trade war could push euro into parity with the dollar
If Donald Trump imposes tariffs on EU imports the eurozone is likely to take a hit, causing euro to slide further
The euro risks falling to parity with the US dollar for the first time since late 2022 if a new transatlantic trade war weakens the already struggling eurozone economy, analysts have warned.
The euro sank below $1.04 against the dollar, the weakest level since November 2022, last Friday after a survey of European purchasing managers showed eurozone private sector output has fallen this month. Continue reading...
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