Trump’s tariff plans, fewer U.S. rate cuts could weigh
The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike in tariffs that could deal a fresh blow to the euro zone economy.
Conversely, a fall in the euro makes exports cheaper - good news for Europe’s automakers, industrials and luxury retailers, for example, and for individuals or investors with overseas incomes. It’s especially positive for Germany. Long-considered Europe’s export engine, the German economy has suffered from a number of headwinds including a weak Chinese economy.Not necessarily. Many currencies of major U.S. trading partners have been hit hard in the past six weeks by tariff worries.
Faster interest rate cuts from the European Central Bank than in the United States would be negative for the euro, but on the positive side that easing could also support the currency longer term by boosting the economic growth outlook. The euro zone economy grew 0.4% in the third quarter from the previous three months, faster than forecast, positive for the euro.
Inflation Currency Europe Ecb Economy Parity Fall Jpmorgan ECB Deutsche Bank
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AT&T announces US$1-billion fiber deal with CorningThe deal comes as AT&T looks to expand its high-speed internet services
Read more »
Man wins US$1 million lottery with $20 bill he found on the groundJerry Hicks, a master carpenter from Banner Elk, found a US$20 bill in the parking lot of the store, he said in a news release. He spent it on a scratch-off lottery ticket – and won $1 million.
Read more »
Tesla hits US-$1 trillion market value as Musk-backed Trump win fans optimismEV maker soars amid post-election hopes
Read more »
Elon Musk's US$1 million-a-day voter sweepstakes can proceed, a Pennsylvania judge saysThe US$1 million-a-day voter sweepstakes that Elon Musk's political action committee is hosting in swing states can continue through Tuesday's presidential election, a Pennsylvania judge ruled Monday.
Read more »
Man wins US$1 million lottery with US$20 bill he found on the groundJerry Hicks, a master carpenter from Banner Elk, found a US$20 bill in the parking lot of the store, he said in a news release. He spent it on a scratch-off lottery ticket – and won US$1 million.
Read more »
Elon Musk to attend hearing as US$1-million voter giveaway faces courtroom testPhiladelphia DA Larry Krasner has accused Musk, a Trump supporter, and his political action committee America PAC of hatching an ‘illegal lottery scheme to influence voters’
Read more »