Live Updates > Live Update Details
2025-07-29 14:12:34
[The euro is under pressure and difficult to recover. The US-EU trade agreement is said to damage the European economy] 1. The euro continued to be weak on Tuesday. After falling 1.3% overnight, it was still difficult to stabilize and was recently reported at around $1.1578. The market generally believes that the terms of the new trade agreement reached by the United States and Europe are obviously biased towards the United States, which may drag down the European economy. French President Macron criticized the agreement as a "dark day" for Europe and accused the EU of making too many concessions to the Trump administration. German Chancellor Merz also warned that the new tariff arrangement will cause "significant damage" to German exports and the economy. 2. The US dollar index remained stable at a high of 98.69, and the pound fell to a two-month low of $1.3336. Analysts pointed out that the strengthening of the US dollar not only reflects that the agreement is beneficial to the United States, but also suggests that the United States is reshaping its economic and trade relations with major allies. The market is paying attention to the upcoming policy decisions of the Federal Reserve and the Bank of Japan. Although both are expected to remain on hold, the wording of the policy statements may reveal future trends.
