Growing currency gap reflects market belief in Eurozone
US tariffs will significantly slow economic growth around the world, the IMF has warned. Photo: PA
Irish exporters are facing unexpected headwinds as the euro has strengthened in recent weeks, hurting competitiveness just as US tariffs kicked in.
The euro and dollar were trading close to parity on January 20, when US president Donald Trump took office. That gap had widened so much that the euro was buying $1.15 on Tuesday, before the White House rowed back its war of words with the US Federal Reserve.
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