EUR/USD Current price: 1.0400 The Hamburg Commercial Bank upwardly revised the December Eurozone PMIs. Talks about plans of narrower than anticipated US tariffs weighed on the US Dollar. EUR/USD advances on a better mood, meets sellers around 1.0430. The EUR/USD pair advances at the beginning of the week, holding near an intraday high of 1.0431 posted during European trading hours amid a better market mood. Data coming from the Eurozone failed to impress despite upbeat figures.
According to people familiar with the matter, tariffs will focus on key sectors deemed vital to national security, such as defense, medical supplies, and energy, narrowing the universal tariffs plan that generated concerns. As a result, the US Dollar came under strong selling pressure across the FX board. The macroeconomic calendar includes the preliminary estimate of the German Harmonized Index of Consumer Prices and US November Factory Orders.