empty
 
 

03.04.202502:20:02UTC+00Euro Gains Despite Trump's Tariffs

The euro surged to $1.09 on Thursday following U.S. President Donald Trump's decision to implement a 20% tariff on all imports from the European Union. This currency uptick was also bolstered by a weakening U.S. dollar, as the tariffs intensified the ongoing global trade conflict, sparking fears about the potential impact on economic growth. Concurrently, recent economic data revealed that the Eurozone's inflation rate decreased to 2.2% in March, marking its lowest point since November 2024. Core inflation also fell more than anticipated, reaching 2.4%, which is its lowest level since January 2022. Amidst these cooling inflationary pressures and rising trade tensions, market anticipations grew stronger regarding a potential 65 basis point reduction in interest rates by the European Central Bank this year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback