EUR/USD Rate Surges

Euro versus the USD rallied after the levy of US Visa Restrictions on Beijing.

In fact, the common currency the USD soared and the pairing is currently trading at $1.0977, which is an addition of $0.00211 or 0.19% from the previous close of $ 1.09564.

The daily range is from $1.0949 to $1.0990, while the trading volume is 82.65K.

This comes just one day after Washington announced it was blacklisting 28 Chinese companies over the mistreatment of Uighur Muslims.

Moreover, the Administration made visa restrictions on Chinese officials. Now, expectations turned to negative for a possible US-China trade deal.

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