
01.07.2025, 17:10
The euro rose to an 11-year high
Source: OREANDA-NEWS
OREANDA-NEWS On June 30, 2025, the euro exchange rate strengthened against the yuan to its highest level since June 2014. This was reported by the Bloomberg news agency.
The European Union's currency rose to 8.44 yuan. Its growth this year is estimated at 12 percent. At the same time, it is emphasized that although both the yuan and the euro benefited from the weakening of the dollar, the second showed a more significant increase. In addition, the yuan weakened against many major currencies amid China's desire to increase exports during a period of global trade turmoil.
In such a situation, a strong euro exchange rate against the yuan may create favorable conditions for Beijing, as Chinese exporters are looking for other markets to mitigate the impact of duties imposed by US President Donald Trump.
At the end of June, Reuters reported that concerns that the US Federal Reserve System would lose its independence due to the policy of the White House had a bad effect on investors' faith in the reliability of the dollar. As a result, the "American" collapsed to multi-year lows against the euro and the Swiss franc.
The European Union's currency rose to 8.44 yuan. Its growth this year is estimated at 12 percent. At the same time, it is emphasized that although both the yuan and the euro benefited from the weakening of the dollar, the second showed a more significant increase. In addition, the yuan weakened against many major currencies amid China's desire to increase exports during a period of global trade turmoil.
In such a situation, a strong euro exchange rate against the yuan may create favorable conditions for Beijing, as Chinese exporters are looking for other markets to mitigate the impact of duties imposed by US President Donald Trump.
At the end of June, Reuters reported that concerns that the US Federal Reserve System would lose its independence due to the policy of the White House had a bad effect on investors' faith in the reliability of the dollar. As a result, the "American" collapsed to multi-year lows against the euro and the Swiss franc.
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