[Thu, 02 Jan 2025 19:36:01 +0300]

London - Saba:

The euro fell Thursday to its lowest level in more than two years against the dollar, amid fears of a divergence in the path of monetary policy between Europe and the United States.

According to Agence France-Presse, the euro reached 1.0314 against the dollar, its lowest value against the greenback since late November 2022, before rising to 1.0332.

The value of the dollar also improved against the British pound, which lost 0.51% of its value, parallel to 1.2453 dollars, its lowest level since April 2024, when its exchange rate fell to 1.2435 dollars.

Many analysts expect the euro to equalize against the dollar or even fall to a lower level during the current year, amid fears of the impact of the export-dependent economies in Europe from the customs duties that US President-elect Donald Trump intends to impose.

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