The EUR/USD exchange rate slid on Monday, falling below 1.0300, amid market uncertainty sparked by President Trump's new tariffs. Investors are closely watching upcoming US inflation data this week, which could influence the Federal Reserve's policy decisions.
EUR/USD lost another 0.3% on Monday, falling back into 1.0300. US President Trump signed off on sweeping tariffs late Monday. US inflation data to dominate market flows this week. EUR/USD declined around one-third of one percent on Monday, falling back into the 1.0300 handle as market sentiment takes a knee. Investors are awaiting clearer signals from central bank policymakers, but a fresh batch of executive orders from US President Donald Trump regarding tariffs make the outlook murkier.
What is the ECB and how does it impact the Euro? The European Central Bank in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
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