The EUR/USD exchange rate has hovered near 1.03 as markets react to Trump’s newly announced tariffs. President Trump’s decision to impose 25% tariffs on imports of steel and aluminum affects key partners such as Canada, Mexico, Brazil, and China. Danske Bank’s FX analysts highlight that these developments have contributed to the stability of the Euro against the US Dollar in recent sessions. As traders assess the impact of these tariffs, the Euro remains cautious yet resilient against potential fluctuations. Investors are keeping a close eye on upcoming economic reports and policy adjustments that could influence currency pair movements in the near future. As economic indicators emerge, the markets will likely react strongly, so staying informed will be crucial for forex traders. The relationship dynamics between the Eurozone and the US further complicate currency valuations, making it essential to monitor news closely.