www.independent.co.uk
Following Trump’s announcement of sweeping import tariffs, European currencies strengthened against the US dollar. The euro and British pound saw notable gains as investors reacted to the aggressive trade policy shifts. Typically, tariffs raise concerns about economic growth and inflation, but market dynamics, including shifts in interest rate expectations and capital flows, favored the European currencies in this specific instance. This currency movement reflects immediate market volatility amid fears of a potential global trade war triggered by the new US tariffs.
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