The euro rebounded slightly to $1.03 from an over two-year low of $1.018, following reports that President-elect Donald Trump’s economic team is considering a phased approach to trade tariffs that could avoid inflation spikes. The proposed strategy includes gradual monthly tariff hikes of 2% to 5% instead of sharp, one-time increases. The euro has faced downward pressure as investors scaled back expectations for major central bank rate cuts and assessed whether Trump’s policies might drive inflation higher. Attention now shifts to the ECB's December meeting minutes and upcoming Eurozone inflation data for clues on future monetary policy.
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