India, July 28 -- The U.S. dollar strengthened against other major currencies in the European session on Monday, after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
U.S. President Donald Trump said the 27-nation EU bloc had agreed to purchase "$750 billion worth of energy" from the United States, as well as make $600 billion in additional investments as part of the deal.
Meanwhile, senior U.S. and Chinese negotiators are due to meet in Stockholm later today, with reports suggesting that the world's two biggest economies could agree a 90-day extension to th...