The euro and the British pound<\/strong> remained near their multi-month highs<\/strong> against the U.S. dollar on Thursday<\/strong>, as concerns over slowing U.S. economic growth<\/strong> and escalating trade tensions<\/strong> weighed on the greenback.<\/p>\n\n\n\n The euro<\/strong> was last seen at $1.0880<\/strong>, slightly lower but still near its five-month high<\/strong> earlier in the week. Meanwhile, sterling<\/strong> was steady at $1.2963<\/strong>.<\/p>\n\n\n\n Global currency markets have been volatile<\/strong>, with traders reacting to rising trade disputes<\/strong> and fears of a U.S. recession<\/strong>.<\/p>\n\n\n\n On Wednesday<\/strong>, President Donald Trump<\/strong> threatened additional tariffs<\/strong> on the EU and Canada<\/strong>, prompting retaliatory measures<\/strong> from both regions. While these tensions have rattled markets, they have hurt the U.S. dollar more than European currencies<\/strong>, leading to its continued weakness.<\/p>\n\n\n\n The euro has also found support<\/strong> from Germany\u2019s proposed fiscal reset<\/strong>, which includes a \u20ac500 billion infrastructure fund<\/strong> and revisions to borrowing rules<\/strong>.<\/p>\n\n\n\n Germany\u2019s outgoing parliament<\/strong> will hold a special session on Thursday<\/strong> to debate the plan. Analysts believe that if the package is approved, it could boost economic growth in Germany and across the eurozone<\/strong>.<\/p>\n\n\n\n The U.S. Dollar Index (DXY)<\/strong>, which tracks the currency against a basket of six major peers, was at 103.7<\/strong>, slightly higher but still near its lowest levels in five months<\/strong>.<\/p>\n\n\n\n While U.S. inflation data<\/strong> came in weaker than expected<\/strong>, offering temporary relief, analysts warn that it does not fully reflect<\/strong> the impact of Trump\u2019s tariffs<\/strong>, which could fuel inflation<\/strong> in the coming months.<\/p>\n\n\n\n With trade tensions<\/strong> and monetary policy shifts<\/strong> driving sentiment, currency markets remain cautious<\/strong>. Traders are closely monitoring developments in Germany\u2019s fiscal policy<\/strong> and U.S. trade actions<\/strong>, as these factors will likely influence exchange rate movements<\/strong> in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":" The euro and the British pound remained near their multi-month highs against the U.S. dollar on Thursday, as concerns over slowing U.S. economic growth and escalating trade tensions weighed on the greenback. The euro was last seen at $1.0880, slightly lower but still near its five-month high earlier in the week. Meanwhile, sterling was steady …<\/p>\n","protected":false},"author":9,"featured_media":94439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-112788","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112788"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112788\/revisions"}],"predecessor-version":[{"id":112789,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112788\/revisions\/112789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94439"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trade Tensions Weigh on the Dollar<\/strong><\/h3>\n\n\n\n
Germany\u2019s Fiscal Reforms Boost Euro Sentiment<\/strong><\/h3>\n\n\n\n
Dollar Index Near Five-Month Lows<\/strong><\/h3>\n\n\n\n
Other Major Currencies<\/strong><\/h3>\n\n\n\n
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Outlook: Currencies Remain in Tight Ranges Amid Uncertainty<\/strong><\/h3>\n\n\n\n