European markets rise and euro gains against dollar amid ‘Trumpcession’ fears
US currency has lost all the gains it enjoyed since Trump won election as global shares are sold offBusiness live – latest updatesEuropean markets have risen and the euro gained against the dollar to the highest level since the US election, as the greenback sank against other leading currencies amid mounting “Trumpcession” fears.The euro rose sharply, breaking above $1.09 for the first time since early November, when Donald Trump’s election victory sent the dollar soaring. That “Trump trade” has unwound, as new US tariffs against Canada, Mexico and China, and the threat of more levies against European trading partners, have triggered fears of an American recession. Continue reading...
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US currency has lost all the gains it enjoyed since Trump won election as global shares are sold off
European markets have risen and the euro gained against the dollar to the highest level since the US election, as the greenback sank against other leading currencies amid mounting “Trumpcession” fears.
The euro rose sharply, breaking above $1.09 for the first time since early November, when Donald Trump’s election victory sent the dollar soaring. That “Trump trade” has unwound, as new US tariffs against Canada, Mexico and China, and the threat of more levies against European trading partners, have triggered fears of an American recession. Continue reading...
