The euro is rising against the dollar, attracting investors amid global uncertainties.

From Yahoo Finance: 2025-06-30 06:31:00

Investors are closely watching the progress of President Trump’s tax-cutting and spending bill in the Senate, which may not meet the July 4 deadline. Wall Street futures suggest another record high for the S&P 500. Canada scrapped its digital services tax targeting U.S. tech firms, while a trade deal between Trump and British PM Starmer is in effect.

Central bankers meet in Portugal to discuss the potential unraveling of the U.S. currency system. The Israel-Iran conflict reveals new global dynamics. Egypt faces economic losses from the Middle East war. The euro continues its rise against the dollar, attracting investor interest.

The euro has gained 14% against the dollar in 2025. European assets are appealing amid uncertainty in the U.S. market. Despite Trump’s policies, investors are not abandoning U.S. assets. European governments plan to spend trillions to boost defense and infrastructure. Investors are moving money ahead of a July 9 trade deal deadline.

European equity funds have seen over $100 billion in inflows this year, while outflows from the U.S. doubled. ECB President Lagarde highlights Europe’s value and confidence. She sees this as the euro’s moment. The U.S. jobs report is expected to show a slight increase, with signs of economic impact from tariffs and layoffs.

Federal Reserve Chair Powell speaks in Portugal. Atlanta and Chicago Fed presidents discuss economic outlook and policy. Events include the June Chicago PMI and Treasury bill auctions. Opinions expressed in this article do not reflect Reuters News views. Sign up for the Morning Bid newsletter.

Read more: The euro’s big beautiful moment