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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 27/Mar 15:20

Euro fragile as Trump plans mega tariffs

EURUSD rebounds to near 1.0780 on Thursday after correcting in the last six trading sessions. The currency pair attracts bids as the dollar corrects despite US President Donald Trump imposing 25% tariffs on imports of automobiles and auto-components, which will come into effect on April 2. The DXY Dollar Index retraces from its three-week high of 104.65. Market participants expect that the impact of Trump’s levies agenda will also be unfavourable for the domestic economy in the near term. The impact of costly products entering the US will be borne by importers who would have no other option than to pass

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