Euro Rises as Trump Omits Region From Latest Tariff Threat

US President-elect vowed tariffs on China, Mexico and Canada
Euro also boosted by month-end flows, December seasonality

Newly manufactured automobiles on the dockside at the Port of Barcelona in Spain.Photographer: Angel Garcia/Bloomberg

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By Vassilis Karamanis

November 26, 2024 at 9:51 AM UTC

This article is for subscribers only.

The euro gained on Tuesday after Europe escaped the latest round of Donald Trump’s trade tariff threats and as investors positioned for what historically has been the strongest month for the currency.

The common currency was up 0.2% to $1.0512, outperforming most of its Group-of-10 peers, after Trump vowed additional tariffs on the US’s main trading partners without mentioning the euro area. His comments boosted the dollar across the board.