Euro Set for Worst Week Since 2022 on EU-US Trade Deal Pain

The euro is headed for its worst week in almost three years against the dollar as concern seeped into the market about the economic impact of Europe’s trade deal with the US.

The common currency has fallen 2.8% since the start of the week to $1.1410, the biggest drop since September 2022. It’s been one of the hardest hit as the dollar gains against all its Group-of-10 peers and is trading near a two-month low.