The euro is going to incur its worst weekly losses since 2022

The euro is on their way to the direct weekly performance against the dollar in almost three years, in light of the increasing concern in the markets on the economic effects of the trade agreement between Europe and the United States. The euro has fallen by 2.8% since the beginning of the week to settle at $ 1.1420, in the largest weekly fall in the United Currency since September 2022. The euro was one of the most affected currencies, with the dollar climbing against all tenth groups in two months. Some traders have begun to wonder if this decline is a turning point for the euro, which affected its highest level in three years in early July. The euro utilizes the diversification of the governor. The European currency has benefited from investors’ direction to diversify their investment portfolios away from US assets, and has also received extra support from the German government’s plan to increase public spending. However, this optimism faded this week, with Europe considering the largest loser in the trade agreement, which determined the imposition of customs duties by 15% on its exports to the United States. In Investor Appetite, Jain Foley, head of the currency strategy at the Rabobank Bank, said: “The effects of the European Union and the United States trade agreement have a warning bell for investors about the challenges the economy faces in the eurozone,” noticed that ” Although the agreement was reached on Sunday, Europe, which led to the outbreak of a comprehensive commercial war, are considered higher the imposed customs in the history of the European Union. Pessimism has exacerbated the prospects of the region issued, showing that the US economy is relatively more resilient in the light of pressure. A long term on the euro to continue to buy centers in the euro, pending a long -term drop in the dollar, was one of the favorite bets in the markets this year, with major financial institutions expected, such as “Morgan Stanley” and “Barclays” that continue the United European currency profits. The euro completed on Friday, and it remained unchanged against the dollar, awaiting European inflation data and the US job report. However, Foley believes that the resumption of sustainable profits may take some time. Foley said that the market began to realize the real reality that the situation is still difficult for a number of German exporters, “and note that” the expected support for the growth of the German financial spending plan cannot be reflected in the data before next year. ‘