US President Donald Trump Customs Tax 30 percent for the European Union has brought sales to the euro.
EURO has been traded about $ 1.17, the lowest level in three weeks with evaluating the ongoing trade development of investors. US President Trump stated that 30 percent of customs tax will be applied to goods imported from the European Union on August 1, but then it was opened to negotiations. On the other hand, the EU says they will postpone the commitment of a trade agreement and postpone emergency access and expand the suspension of customs missions until the beginning of August to ensure continuing dialogue. In terms of monetary policy, investors hope that ECB will continue the constant loan cost in the meeting next week. However, markets are pricing 25 interest rate reduction establishments this year. Despite the final decline in July, the general weakness of the dollar since the euro Christmas and especially after the trend of increasing the financial spending of Germany, the euro area is supported by the new optimism and an increase of about 13 % compared to the dollar. The euro/dollar defeat is traded at 1,1690.