Why Is the Euro Rising? Nears Record High
- Nejla Kılınç
- May 29
- 1 min read
The euro is gaining strength against the U.S. dollar and is approaching its all-time high.
The currency’s upward momentum follows the U.S. decision to postpone a planned 50% tariff on EU imports from June 1 to July 9, 2025. This delay has boosted investor confidence in the euro.
Additionally, growing concerns over the U.S. economy have led to increased capital inflows into the eurozone.
On March 19, 2025, the euro reached a historic high of 44.8802 Turkish lira. Today, it climbed as high as 44.6207, nearing that peak once again.
As of 09:00, the U.S. dollar is trading at 39.0162 lira.
Source: NTV
