India, March 25 -- The euro weakened against other major currencies in the European session on Tuesday, as investors ponder the likely impact of U.S. tariff hikes on inflation, economic growth and corporate profits.
With U.S. tariffs on automobiles, aluminum, and pharmaceuticals expected in the near future, traders may wait to see how the underlying negotiations play out.
Federal Reserve Bank of Atlanta President Raphael Bostic on Monday said he anticipates slower progress on inflation in coming months and therefore sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year.
As growth worries mount, investors await a slew of U.S. data through the day, including consumer confidence data f...