At 18:00 (Lisbon time), the euro was trading at 1.1342 dollars, compared to the previous day at the same time when it stood at 1.1433 dollars.
The euro also fell against the pound but gained relative to the yen.
The European Central Bank (ECB) set the euro’s reference exchange rate at 1.1415 dollars.
During today’s session, the euro fluctuated between 1.1333 and 1.1440 dollars.
The International Monetary Fund (IMF) forecasts a 2.8 percentage point increase in global public debt this year, bringing it closer to 100% of Gross Domestic Product (GDP), amid uncertainty due to tariffs imposed by the US.
“The increase in uncertainty and substantial policy changes are altering economic and budgetary prospects,” highlighted the Fiscal Monitor released today, noting that U.S. tariffs and countermeasures from other countries “are contributing to financial market volatility, deteriorating prospects, and increasing risks.”
The IMF thus estimates that “global public debt will rise by another 2.8 percentage points of GDP” this year and “approach 100% of GDP by the end of the decade, surpassing the pandemic peak.”
For the United States, the global budget deficit is expected to decrease from 7.3% of GDP in 2024 to 6.5% in 2025. In China, it is expected to increase from 7.3% in 2024 to 8.6% in 2025.
