1249 GMT - The dollar stands to benefit slightly if the U.S. and EU reach a trade deal, MUFG Bank analyst Derek Halpenny says in a note. It wouldn't matter how all-encompassing the deal is if the EU avoids the 50% tariff threatened by President Trump, he says. Any trade deals with the EU or other nations would ease concerns over "damaging economic policies" from Washington and fears over declining confidence in U.S. assets. While the dollar is unlikely to experience a notable rebound, more bilateral deals would take away some of the negativity associated with trade uncertainties, he says. The euro rises 0.2% to $1.1317 after hitting a 10-day low of $1.1211 overnight, according to FactSet. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 08:50 ET (12:50 GMT)
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