India, April 10 -- European moved sharply higher during on Thursday after U.S. President Donald Trump announced a 90-day pause for countries hit by higher U.S. tariffs, with the exception of China.
European Commission President Ursula von der Leyen welcomed Trump's move and said the halt on reciprocal tariffs is "an important step towards stabilizing the global economy," adding, "Clear, predictable conditions are essential for trade and supply chains to function."
ECB policymaker Francois Villeroy de Galhau emphasized today that Trump's policies in recent weeks have eroded confidence in the U.S. dollar and praised Europe's foresight in establishing its own independent monetary system 25 years ago.
"Thank God that Europe. created the Euro...