Mar 13, 2025
The euro is stable while the dollar strengthens due to tariff issues and the approaching Consumer Price Index data.
The euro remained largely stable on Wednesday, while the dollar rebounded slightly from its recent declines as traders assessed the European reaction to new tariffs imposed by U.S. President Donald Trump and prepared for important consumer price index data.
By 06:37 ET (10:37 GMT), the euro had dipped 0.1% against the dollar, trading at $1.0911. The dollar index, which tracks the greenback against a collection of other currencies, increased by 0.2% to 103.54.
Trump's expanded tariffs on steel and aluminum took effect on Wednesday, representing the latest effort in his campaign to reshape the U.S. trading relationships with allies and adversaries alike.
In a statement, the European Commission, which is the EU's executive branch, expressed its
By 06:37 ET (10:37 GMT), the euro had dipped 0.1% against the dollar, trading at $1.0911. The dollar index, which tracks the greenback against a collection of other currencies, increased by 0.2% to 103.54.
Trump's expanded tariffs on steel and aluminum took effect on Wednesday, representing the latest effort in his campaign to reshape the U.S. trading relationships with allies and adversaries alike.
In a statement, the European Commission, which is the EU's executive branch, expressed its