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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: The trade agreement eases concerns, and the euro maintains a high fluctuation against the US dollar." Hope it will be helpful to you! The original content is as follows:
XM Forex APP News - The euro and the US dollar rose slightly after a slight decline in the first two trading days. On Monday (July 28), trading around 1.1752 during the Asian session, an increase of about 0.1%, and the overall fluctuation was relatively flat. The euro gained support as the U.S. and the EU reached a trade deal last weekend, eased concerns about a wider trade conflict. The two economies reached a framework trade deal on Sunday to impose a 15% tariff on most European goods, which went into effect on August 1, ending a months-long deadlock, Bloomberg reported. Michael Brown, senior market strategist at Epperstone, said Trump's U.S.-EU trade agreement is expected to increase market risk appetite. He pointed out that "this agreement not only eliminates a key tail risk that the market has previously worried about, but also further indicates that the current trend is shifting from fierce rhetoric to substantial trade cooperation." As for the impact of the agreement on the current financial market, Brown believes that the euro exchange rate is likely to strengthen and there is room for a significant increase. The agreement is seen as an important step to avoiding a global trade war. Trump revealed that the EU plans to invest about $600 billion in the United States and increase procurement of energy and military equipment. Previously, the United States and Japan also reached a similar agreement, with Japan promising to invest $550 billion, while the United States imposed a 15% auto tariff on Japan. However, some Europeans are still disappointed with the "zero tariff" target with higher tax rates than expected. European vejck.cnmission President Ursula von der Leyen said on Sunday that the EU agreed not to impose retaliatory tariffs and promised to invest another $600 billion in the United States on the basis of existing spending. The ECB kept interest rates unchanged last week and said deflation was moving at the rate it had previously expected. The ECB stresses that it will further clarify its policy prospectsBefore, more data on economic development is needed. Traders expect that the above content is all about "[XM Forex]: Trade agreement eases concerns, the euro maintains high fluctuations against the US dollar", which is carefully vejck.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
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