The European Central Bank's (ECB) dovish stance and signals of multiple interest rate cuts have directly impacted the euro. However, investors are still awaiting further comments from ECB President Christine Lagarde.

On the U.S. side, former President Donald Trump stated last Friday that he would announce tariffs on multiple countries by Tuesday or Wednesday, without specifying which ones. This has raised concerns over the ongoing global trade war.

Source: Fxstreet