The euro weakened in the beginning of the week due to growing concerns for the escalation of the trade dispute between the United States and several other countries.
Overnight, the course fell to $ 1,0141, the lowest level of November 2022. year, before recovering at $ 1,0245 Monday morning – still more than one cent below the value on Friday night.
The euro was under pressure from the election of Donald Trump for the American president in early November, when trading above $ 1.09.
US Customs of 25 percent on imports from Mexico and Canada, although only 10% on Canadian energy exports, and 10 percent should enter into force on Tuesday, after Trump ordered measures on Saturday, Hairdryer transmits.
When Trump asked on Friday, if they were going to go to products imported from the EU, he replied, “Absolutely”.
