English>

Market News

Dollar dented by economic worries; euro remains in favour - REUTERS

MARCH 17, 2025

By Saqib Iqbal Ahmed


Summary

  • Concerns rise about economic impact of Trump's tariffs
  • US retail sales rebound moderately in February
  • Euro near 5-month high after Germany agrees fiscal deal
  • Yuan firm as Beijing takes steps to bolster consumption

NEW YORK, March 17 (Reuters) - The dollar hovered near a five-month low against the euro on Monday as investors worried about the economic fallout from U.S. President Donald Trump's protectionist trade policies.

The euro , which has advanced in recent sessions, lifted by hopes of a German fiscal deal, was 0.2% higher at $1.0906. The common currency was just shy of $1.0947 it hit last week, its highest since October 11.

Get the latest news and expert analysis about the state of the global economy with the Reuters Econ World newsletter. Sign up here.

Currency markets have undergone a shift in recent months as traders re-evaluate their initial expectations that Trump's economic policies would both support the dollar and cause other currencies to weaken. The reassessment has prompted the dollar to retreat 6% against the euro since mid January.


Reporting by Saqib Iqbal Ahmed; Additional reporting by By Kevin Buckland and Alun John, Editing by Angus MacSwan


SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics