The euro is trading in the tightest range since President Donald Trump’s inauguration despite his comments that US trade restrictions are coming to Europe, a sign of market fatigue around tariff threats.

This is Jack Blanchard, cracking out the Union Jack bunting for a big day ahead in D.C. THE BRITISH ARE COMING: President Donald Trump is gearing up for part two of a Euro triple-whammy this morning with the arrival of U.

Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trumpexempted some automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank's meeting.

The dollar retreated on Tuesday, extending declines after a soft reading on U.S. consumer confidence and a drop in U.S. yields weighed, while optimism for more spending in Germany helped lift the euro.

Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trump exempted automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank policy meeting.

EUR/CAD rose on Tuesday as Euro was buoyed against loonie after U.S. President Donald Trump said tariffs on Mexico and Canada would proceed as planned. On Monday, Trump stated that tariffs on Canadian and

The euro has surged to 1.0850 against the dollar, erasing post-Trump election losses after a 4.4% weekly gain—its strongest since 2009. While Germany’s fiscal overhaul fuels optimism, analysts are split on whether the rally can last.

Since Franklin D Roosevelt dethroned sterling as the world’s reserve currency 80 years ago, the dollar has reigned supreme as the global currency of choice.

"We would not have expected these market moves at the start of the year," Deutsche Bank, wrote Tuesday, noting the recent decline in the dollar.

The European Central Bank (ECB) aims to launch its digital Euro by October 2025, though the final decision depends on lawmakers approval.

The euro dropped on Friday, after a meeting between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump went up in flames, dashing hopes any peace deal could be reached soon in the war with Russia.