Why is the euro rising against the US dollar? | Explained News
On November 5, 2024, the day the US voted for its next president, the euro, which is the common currency of 20 countries (out of 27) in the European Union, was equal to 1.0933 US dollars. This “exchange rate” between the top two currencies of the world — roughly 60% of all foreign exchange is held in US dollars and around 20% is held in euros — saw a sharp change between that day when Donald Trump won the election and the day he took the oath of office, January...