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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Euro rises again and remains at the 1.16 dollar mark.

At 18:04 (Lisbon time), the euro was trading at 1.1635 dollars, compared to 1.1626 dollars at the same time on Friday.

The euro also gained against the yen but fell compared to the pound.

The European Central Bank (ECB) set the euro reference exchange rate at 1.1640 dollars.

In today’s session, the euro fluctuated between 1.1618 and 1.1649 dollars.

The President of the United States, Donald Trump, stated today that he hopes to “reach a good agreement” during the upcoming meeting with his Chinese counterpart Xi Jinping, including a deal related to the TikTok platform, as reported by international media.

Trump declared, aboard Air Force One, that TikTok will be one of the topics to be discussed with Xi during the meeting scheduled for this Thursday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, which will be held in the South Korean city of Gyeongju, according to the EFE news agency.

According to the U.S. President, the agreement signed between Washington and the parent company of the popular video platform, China’s ByteDance, already has Xi’s “provisional approval”.

In September, the United States reached an agreement with ByteDance, supported by Beijing, to allow TikTok to continue operating on American soil, after the U.S. Congress set 2024 as the year the app should be deactivated due to the national security risk it posed.

Currencies……………….Today……………..Friday

Euro/Dollar…………….1.1635…………………1.1626

Euro/Pound…………….0.87262……………….0.87438

Euro/Yen…………………178.10…………………177.69

Dollar/Yen………………153.06…………………152.84

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