FX.co ★ Euro Rebounds Above $1.18

The euro climbed back above $1.18, rebounding from last week’s one-month low as the US dollar weakened amid renewed uncertainty over US trade policy. Over the weekend, US President Donald Trump said he would raise a temporary tariff on imports from 10% to 15%, after the US Supreme Court on Friday blocked his broader tariff package. EU Trade Commissioner Maroš Šefčovič held talks on Saturday with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick, as Brussels seeks clarity on whether the transatlantic trade agreement concluded in Scotland last summer remains in force following Trump’s latest tariff threat. The rapid developments prompted a senior EU lawmaker to urge the European Parliament to postpone a vote on legislation implementing the EU’s side of the deal. Investors are now awaiting inflation data from Germany, France and Spain later this week for further insight into how the euro’s appreciation could affect price pressures and shape the ECB’s policy outlook.