The euro weakens against the dollar due to Trump's comments and European economic woes.

The EUR/USD exchange rate is declining due to a strengthening US dollar and risk-averse markets. US President-elect Trump's comments on a potential new global currency have boosted the USD. Economic data, including the ISM Manufacturing PMI, could further weaken the euro. European political and economic issues, such as France's political tensions and potential rate cuts by the ECB, also pressure the euro. Upcoming US jobs data and OPEC's announcement will influence market trends.

December 02, 2024
5 Articles

Further Reading