So, as expected, the new US tariffs on goods from Canada, Mexico, and China have triggered retaliatory measures from these countries. The trade war initiated by Trump is now set to hit the US economy in return. Meanwhile, the eurozone economy is showing more signs of recovery, supported by the creation of a €500 billion infrastructure fund.
This is clarifying the prospects for a stronger euro. However, the outlook for the US dollar, which hit a four-month low in early February, is becoming increasingly uncertain. To better understand currency trends, it is worth keeping an eye on economic data. You are watching Trader’s calendar on March 10 and 11.
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