Daily EUR/USD
Support for the euro surged in early March after Germany’s political leadership signaled a major fiscal expansion — a significant departure from its long-standing austerity stance.
This move revived optimism around eurozone growth and shifted capital away from the dollar. While the euro eased 0.38% to $1.1379 on Tuesday, it remains on course for its strongest monthly performance in over two years.
Safe-Haven Demand and Tariff Volatility
The dollar has also contended with a stronger yen and Swiss franc as investors rotated into safer currencies in response to geopolitical stress, particularly renewed U.S.-China tariff tensions. Although the Trump administration hinted at easing automotive tariffs, conflicting rhetoric has kept risk sentiment unstable.
Treasury Secretary Scott Bessent’s remarks that de-escalation depends on China underscore the uncertainty clouding…
