EUR/USD Holds Steady Above 1.0350 as Tariff Concerns Loom
The EUR/USD currency pair remains firm above the 1.0350 level, trading around 1.0360 during the Asian trading hours. This stability follows previous gains despite emerging concerns regarding reciprocal tariffs. The current geopolitical environment involves the Trump administration’s potential plan for tariff hikes, which could impact cross-border trade. Investors are advised to remain cautious as this currency pair may face pressures leading to potential depreciation. Keeping abreast of the latest news on trade policies will help in making informed trading decisions in this landscape.