Fears of a US-EU trade war have reared their head again, as Trump has proposed further tariffs on goods coming from the European Union, ranging from cheese and wine through to industrial goods. As Italy deals with a recession worries and the German economy continues to weaken, it’s not a positive sign.
Otherwise, it’s been a quiet couple of days for the euro, as the markets await Brexit developments and the ECB meeting on Wednesday. The euro briefly rose against the pound and dollar, but generally, there has been little in terms of significant movement.
