The EUR/USD pair exhibited range-bound trading near the 1.0800 level on Tuesday, as market participants awaited impending tariff announcements from the U.S. administration, scheduled for Wednesday. While economic data releases have been overshadowed by tariff-related concerns, the forthcoming Non-Farm Payroll (NFP) report remains a key event. Investors are anticipating details of the U.S. President’s proposed reciprocal tariffs, expected to be unveiled at 1900 GMT. Uncertainty surrounds the specifics of the tariff proposals, with potential for revisions or delays. Reports indicate that the United States Trade Representative Office may be formulating an alternative tariff proposal for consideration.
