The US imposed a 37% reciprocal tariff rate on goods from Bangladesh as part of Trump’s growing trade war with countries around the world.
Migrant workers from Asia’s developing countries, such as Bangladesh, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time. However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.
Euro Market Update
Updated 11 Aug 2026 • 23:46 GMT
The Euro has been trading within a relatively stable yet choppy range against the US dollar, with a slight upward trajectory anticipated over the long-term. Analyses from major financial institutions indicate a current EUR/USD trading band between 1.14 and 1.15, with potential to reach 1.16 over the next year, assuming easing pressure on the USD. Overall, the market outlook suggests a cautious approach given mixed signals from economic data and central bank policies.
- Key watchpoints:
- Monitoring the Federal Reserve's rate decisions, with hawkish stances potentially strengthening the USD against EUR.
- Observing key economic indicators, especially US data, which can influence currency movements.
- Potential impacts of global events, including energy price shocks and economic growth differentials, on the euro's medium to long-term trajectory.