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2025-07-29 14:56:30
[Euro falls against the dollar after EU-US trade deal reached] The euro fell to a one-month low against the dollar after the European Union and the United States reached a trade deal that included a 15% tariff on the EU. "This puts the problems in the euro zone back in the spotlight," Michael Pfister of Commerzbank said in a report. Investors were briefly relieved that the agreement was finally reached, but the focus soon turned to the actual impact of the agreement on the eurozone economy. Pfister said the euro may come under pressure from tariffs on the EU, while the dollar is boosted by the reduced risk of a U.S. recession. Data from the London Stock Exchange Group showed that the euro fell 0.2% to a low of $1.1553.
