© Reuters. An worker counts Euro payments at a cash alternate workplace in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany
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LONDON (Reuters) – The euro may very well be pushed again right down to parity in opposition to the greenback if Donald Trump wins U.S. Presidential elections in November and imposes hefty 20% tariffs on Europe’s carmakers, Barclays’ international chairman of analysis predicted on Friday.
Barclays sees the euro dropping to $1.05 from round $1.08 now in its “base case” state of affairs of a ten% improve on broader tariffs on Europe, however “if we get 20% tariffs on autos I feel it’s in all probability going to get a lot nearer to parity,” Barclays’ Ajay Rajadhyaksha instructed reporters on a convention name.
