Euro falls to three-week low after Trump threatens EU with 30% tariff

News Snapshot:

The euro fell to a three-week low early on Monday while the dollar made slight gains after US president Donald Trump threatened to impose a 30 per cent tariff on imports from two of the largest US trading partners beginning August 1st. In cryptocurrencies, bitcoin scaled a record high and surpassed the $120,000 (€102,865) mark, as investors bet on long-sought policy wins for the industry this week. The world’s largest cryptocurrency last traded 2.6 per cent higher at $122,248.59, while ether gained 2 per cent to $3,052. Mr Trump on Saturday announced the latest tariffs in separate letters to European...