The euro is still struggling for direction early Tuesday in Europe amid reports that the U.S. administration is preparing to impose fresh tariffs on European Union in response to what it perceives as unfair subsidies to aerospace giant Airbus.
The news is an unwelcome reminder that the settling of one trade war with China may simply free the U.S. up to launch another with its other major trading partner and commercial rival, posing a fresh threat to a world economy that is slowing down.
At 04:00 AM ET (08:00 GMT), the euro was at $1.1263, up 0.2% from late Monday in Europe.
The dollar index, which measures the greenback against a basket of six major currencies, was effectively unchanged at 96.572.
Source : Investing.com