Euro surges to new high against dollar amid U.S. tariff turmoil


By RaoboLiu Xiang

FRANKFURT, June 26 (Xinhua) -- The euro rose by nearly one percent on Thursday, reaching approximately 1.17 U.S. dollars, its highest level since September 2021.

The euro gained 0.8 percent and was trading at 1.1695 U.S. dollars, according to the reference rate set by the European Central Bank (ECB).

The euro-dollar exchange rate has jumped since mid-January, rising by 14.68 percent since January 13, when it stood at 1.0198 U.S. dollars, ECB data showed.

Amid the ongoing turmoil triggered by U.S. tariff policies, the dollar has continued to weaken. The U.S. dollar index - which tracks the greenback against a basket of major currencies - dropped to 97.16 on Thursday, marking its lowest level since late February 2022.

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