Euro hits 17-month low, dollar near pre-Liberation Day highs - Reuters
Euro hits 17-month low, dollar near pre-Liberation Day highs - Reuters
Source: Reuters
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DW NOTE
Liberation Day—April 2, 2025, when the U.S. announced global tariffs—was the dollar's last clean victory. Now it's back near those highs not from strength, but because Europe is worse. War in the Gulf, energy shortages, and a Fed that just started hiking again have drained what little confidence the euro had left. A 17-month low isn't a milestone, it's a vote of no confidence in two currencies at once.