The euro to US dollar exchange rate rises to a nearly four-year high due to the weakening of the US dollar

According to Jin Shi data reports, influenced by the weakening of the US dollar, the euro to US dollar exchange rate has risen to a nearly four-year high. The 90-day suspension period for US tariffs will expire on July 9, and the uncertainty surrounding subsequent tariff policies has put pressure on the US dollar.

Monex Europe analysts point out that if European Central Bank President Lagarde takes a cautious stance on interest rate cuts, it may provide additional support for the euro. However, since Federal Reserve Chairman Powell may also maintain a cautious attitude, Lagarde's comments may have limited uplifting effects on the euro. The two central bank leaders will speak together at the European Central Bank Forum in Sintra, Portugal at 21:30 East Eight Time.