At 18:00 (Lisbon time), the euro was trading at 1.1754 dollars, down from 1.1790 dollars at the same time on Wednesday.
The euro also declined against the pound but rose relative to the yen.
The European Central Bank (ECB) set the euro’s reference exchange rate at 1.1782 dollars.
In today’s session, the euro fluctuated between 1.1724 and 1.1810 dollars.
The President of the European Commission expressed hope today for a preliminary agreement with Washington within six days to prevent additional tariffs on European products but assured that she has “all instruments on the table” should a disagreement arise.
“We are aiming for July 9, [but] it is a huge task because we have the largest trade volume between the European Union and the United States – 1.5 trillion euros – which is very complex and enormous in amount, and indeed, what we are aiming for is a preliminary agreement because, in such a large volume, a detailed agreement in 90 days would be impossible,” stated Ursula von der Leyen.
The President of the EU executive was speaking at a press conference in the Danish city of Arhus during the College of Commissioners’ visit to Denmark, a country holding the EU Council Presidency this semester.
Von der Leyen referred to the July 9 deadline, informally set by the United States, as the cutoff date to conclude a trade agreement with the EU to avoid punitive tariffs of up to 20% on European products.
Also announced today was that U.S. jobless claims were at 233,000 last week, down by 4,000 from the revised level of the previous week, according to the U.S. Department of Labor (DOL).
Last week’s level was revised upward from 236,000 to 237,000.
The four-week moving average stood at 241,500, down by 3,750 from the revised average of the previous week, which was 245,250.
