EUR/TTD Price & Performance (EURTTD)

The euro's recent strength against the U.S. dollar has waned, with market sentiment turning bearish. Upcoming trade tariffs between the U.S. and Europe, set to take effect in early April, have raised concerns. Additionally, German political negotiations on debt reforms are adding to the uncertainty surrounding the currency.1

Germany's ZEW Economic Sentiment index for March surpassed expectations, rising to 51.6. However, EUR/USD remained subdued as investors shifted focus to a parliamentary vote on debt reforms. Meanwhile, weaker current conditions in Germany, reflected by a drop to -87.6, tempered optimism.2

The Bank of Canada cut rates by 25 basis points, citing inflation concerns and slowing growth. Despite this, rising oil prices bolstered the Canadian dollar, pushing USD/CAD lower. Meanwhile, U.S. inflation data showed cooling trends, reinforcing expectations of Federal Reserve rate cuts later this year.3