Costa - Sheinbaum - von-der-Leyen - Photo © European Union 2026

At a summit in Mexico City, the European Union and Mexico agreed to deepen their political and economic cooperation with the signing of a modernised global and interim trade agreement.

Euro - ECB-Photo by Mika Baumeister on Unsplash

The euro has been volatile as tensions in the Middle East pushed oil prices higher, but easing fears helped the euro recover. Rising inflation could also pressure the ECB to raise interest rates.