At 6:01 PM Lisbon time, the euro was trading at $1.0933, down from $1.0969 last Friday. The European Central Bank set the euro’s reference exchange rate at $1.0967. The euro gained ground against the pound and also appreciated in relation to the yen.
European, Asian, and American stock markets have experienced significant losses in recent days, amid growing concerns about the potential impact of tariffs on global trade.
U.S. President Donald Trump announced on Wednesday the imposition of a base global tariff of 10% on all countries he believes are creating trade barriers against American products. He also introduced an additional tariff for those he deems the “worst offenders.”
A 20% tariff will apply to all imports from the European Union, which adds to the existing 25% on the automotive, steel, and aluminum sectors.
Currency Rates………………Today…………..Friday
Euro/Dollar…………………1.0933……………1.0969
Euro/Pound………………..0.85860……………0.85100
Euro/Yen…………………….161.86…………….160.84
Dollar/Yen………………….148.04……………146.63
