Market News
Euro hits near 7-month low vs dollar as tariff worries weigh - REUTERS
By Hannah Lang and Chibuike Oguh
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Nov 11 (Reuters) - The euro dropped to its lowest level in nearly seven months against the U.S. dollar on Monday, weighed down by investor worries about possible tariffs by a new White House administration which could hurt the euro area's economy.
The euro has edged lower since Donald Trump won the U.S. presidential election last week, sparking concerns about possible tariffs by his incoming administration.
Several media outlets reported on Friday that Trump was lining up Robert Lighthizer, seen as a hawk on trade, to return to his previous post of running trade policy, which further weighed on the currency. Sources familiar with the matter said Trump has not asked Lighthizer to return to the agency overseeing trade policy.
