EUR/USD trades cautiously as investors evaluate the impact of Trump’s tariffs.

EUR/USD slides towards 1.0400 in Thursday’s European session as the US Dollar strengthens. The US Dollar Index (DXY), which measures the Greenback’s performance against six major currencies, continues its recovery, rising to nearly 108.40 from Wednesday’s two-week low of 107.75. The US Dollar rebounds as market sentiment turns more cautious, with investors weighing the potential impact of President Donald Trump’s tariffs on economic growth. 

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