On the day of the European Central Bank's decision, the euro fell more than 0.2%, while the "friendly meeting" between Trump and Powell boosted the US dollar index by more than 0.3%

Wallstreetcn
2025.07.24 21:26

On Thursday (July 24), at the New York close, the euro fell 0.23% against the US dollar, reporting at 1.1743. At 21:00 Beijing time (after the European Central Bank announced to hold steady and President Lagarde's press conference began), it refreshed the daily low to 1.1731, followed by a rapid surge, reaching a daily high of 1.1789 at 22:15. After the US stock market closed, it quickly declined as President Trump discussed trade negotiations with the EU.

The ICE Dollar Index continued to rise after the US stock market closed, up 0.33%, refreshing the daily high to 97.550 points after Trump visited the Federal Reserve building renovation site; the Bloomberg Dollar Index rose 0.18%, ultimately reporting at 119.20 points at the close of the US stock market

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.