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The euro has surged to its highest value since April 22, reaching $1.145425. Investors are closely watching for further developments in the currency market.
EURO RISES TO HIGHEST SINCE APRIL 22 AT $1.145425
Euro is soaring - hit 1.145 this afternoon. 10 year yields spiking also. Markets are beginning to price in another escalation in China tariff battle.
The euro has strengthened against the US dollar, rising by 0.3% to $1.1381 on June 2, 2025. It continued its upward trajectory throughout the day, reaching $1.145 in the afternoon, marking its highest level since April 22. This appreciation in the euro coincides with increasing tensions in the trade relationship between the US and China, including expectations of further tariff escalations. Concurrently, 10-year bond yields have also spiked, reflecting market anticipation of the ongoing trade conflict's impact on the global economy.
