China:The euro has surged past $1.20 for the first time in more than four years, fuelled by Donald Trump's tariff‑laden presidency and a slide in the dollar.

The jump came after the US president expressed indifference to the greenback's latest decline, saying the currency "is doing great".

Launched in 1999 at $1.17, the single currency climbed to a record above $1.60 during the 2008 subprime crisis, when the US unit weakened sharply.

It had not crossed $1.20 since 2021, when European economies were buoyed by extraordinary pandemic‑era public spending.

A stronger euro brings clear winners and losers across the bloc, lifting household purchasing power but weighing on exporters who depend on cost competitiveness abroad.

Good For HouseholdsA large share of eurozone imports are priced in dollars, including oil and most raw materials. A firmer euro therefore makes imports cheaper, helping consumers.

"A stronger euro supports the purchasing power of European households, boosting consumption and tourism abroad," said John Plassard, investment strategy head at Cite Gestion Private Bank.

Americans, by contrast, lose out when travelling in the eurozone or buying European goods, more so if additional taxes imposed by the Trump administration apply.

Source:Ndtv