Euro rises after US and EU reach comprehensive 15% tariff agreement

The euro rose on Monday after the United States reached a trade agreement with the European Union.

US President Donald Trump and European Commission President Ursula von der Lin announced the deal during a meeting in Scotland on Sunday.

The deal will witness a 15 % tariff on the European Union’s imported commodities in the United States – half of what Trump threatened to impose from August 1.

“We agree that the tariff directly via cars and everything else will be a 15 % direct tariff,” Trump announced from Scotland. “So we have a tariff of 15 %. We have openness to all European countries, which I think I can say is mainly closed.”

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Von der Layen said that Europe will also buy the United States energy of $ 150 billion as part of the deal, in addition to achieving $ 600 billion in other investments in the United States.

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This single framework is similar to forged with Tokyo negotiators last week, which will witness Japan investing about $ 550 billion in the United States and a 15 % tariff imposed on its cars and other imports.

By early Monday, the euro reached about $ 1.18.

The last development comes as the investor’s attention turns towards corporate profits and central bank meetings in the United States and Japan.

US President Donald Trump meets with European Commission President Ursula von der Lin (non -photographer), in Turnberry, Scotland, Britain, July 27, 2025. (Reuters photos / Evlin Hakstein / Reuters)

Rodrigo Cattle, the chief currency strategy in National Australia, expected that this next week may be positive, “only from the fact that we now know the rules of the game.”

File: The US dollar and the European Purran appear in this illustration that was conducted on July 17, 2022. (Reuters/Dadu Rovik/illustrations/Reuters)

“Now that there is more clarity, you may think it is not only in the United States, but all over the world, there will be more willingness to look at investment, look at expansions, and look at the place

Meanwhile, senior American officials are expected to meet with their Chinese counterparts in Stockholm later on Monday, with the aim of extending the commercial truce and preventing a sharp tariff.

China is facing a final date on August 12 to reach a solid trade agreement with the United States, and it is expected that there will be no penetration in the United States and China talks in Stockholm, but analysts said another 90 -day extension of the commercial truce that was struck in mid -May.

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On Friday, the US dollar is offered, supported by strong economic data indicating that the Federal Reserve may take its time to resume interest rate discounts. It is expected that the Federal Reserve and the Bank of Japan will maintain fixed prices in the policy meetings for this week, but merchants focus on subsequent comments to measure the timing of the following moves.

Anders Hsstrom of Fox News Digitter, Stephen Soras and Reuters contributed to this report.