Euro benefits from the US-China trade war

The European currency reached its peak against American dollar in last eleven days

The decreasing value of dollar was impacted by the expected end of the US-China trade war.

The value of Euro slightly increased against Dollar on Monday, when the exchange rate approached the exchange level of $1,11 for €1. Paradoxically, the value of Dollar declined due to growing expectations of possible end to the US-China trade war. The two economic giants built the trade barriers between one another during last year and a half.

Even though Euro Zone isn’t part of the trade war, its economy is affected by the disputes. The impacts are most obvious in manufacturing industry and engineering. The expected end of trade was would therefore be beneficial to its economy.

Investors prove their trust in Euro Zone economy by shifting their investments to European assets. The net assets inflow reached $3 million in last two weeks, which is the highest since last May.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

FBI: North Korean Hackers Stole More Than $400 Million in Cryptocurrency

North Korean state-backed hackers have stolen cryptocurrency worth more...

Siemens’ Quarterly Profit Beats Estimates as the Company Benefits from AI-Related Demand

German industrial conglomerate Siemens increased its profit from industrial...

Sell Stop Orders: How They Work, When They Trigger and Where They Fail

A sell stop order allows investors to automatically sell an asset...

German Authority Investigates PayPal Over Possible Restriction of Competition

The online payment system PayPal may be engaging in...

Airbnb Could Earn More From the Same Booking

Airbnb plans to bring car rentals and partner services directly into its platform. With AI customer support reducing overheads, the company aims to earn higher profits from existing customer bookings.

Over-the-Counter Markets: How OTC Trading Works Outside Centralized Exchanges

Over-the-counter (OTC) trading allows investors, financial institutions, and companies...

Maersk’s profits grew, but a return via Suez may squeeze margins [1]

Maersk posted an operating profit of USD 3.3 billion...
spot_img

spot_imgspot_img