EURUSD Recovers as Tariff Concerns Weigh on US Economy
EURUSD regained ground in Monday’s European session, bouncing back to the key level of 1.1000 after an initial drop to nearly 1.0880. This recovery follows the negative market sentiment surrounding tariffs imposed by former President Donald Trump, which raised concerns about the US economy sliding into recession. As the US Dollar weakens in risk-averse market conditions, the Euro finds support. Traders are advised to stay vigilant as the currency pair’s movements may continue to reflect ongoing trade tensions and economic forecasts. Anticipating potential volatility could provide strategic advantages in upcoming trades.