The Euro hit a four-month low as Donald Trump made his US election victory announcement, dropping nearly 2% as fears of US tariffs soar.
The US dollar index jumped 1.5% – the biggest surge since March 2020 – hitting the Euro hard amid fears of US tariffs on European goods and potential interest rate hikes in the US.
The currency was down nearly 2 cents as of 7.40am GMT, hitting a four-month low. However, European stock futures rose, including the pan-European Stoxx 600 and Germany’s DAX.
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