The dollar continues to weaken on the main currencies after the start of the duties decided by Donald Trump. The euro rises 1.6% on the green ticket at 1,1032. The pound to 1.3175 (+1.3%) and the Swiss franc at 1.1560 (+1.9%) is also increasing. The Euro/Yen gearbox at 160.97 (-0.65%) and the dollar/yen at 147.11 (-1.45%) is clear.
The common currency also benefited from a weaker dollar, since the move has marked a significant escalation in the global commercial conflict and has raised concerns about economic growth. In the meantime, recent economic data have shown that the eurozone inflation rate dropped to 2.2% in March, the lowest level from November 2024. The cross -country inflation has fallen more than expected to 2.4%, marking its lowest reading from January 2022. With the cooling of inflationary pressures and the escalation of global commercial tensions, the expectations of the market have been strengthened ECB cuts the interest rates of 65 basis points this year.