European Central Bank (ECB) President Christine Lagarde warned on Wednesday, “tariffs aren't good for the global economy.”

Additional quotes

“Inflation is very close to target.”

“There is still a bit of work to do on inflation.”

“Predictability is in very short supply at the moment, we simply don't know what US deal will be with the rest of the world.”

“There is a lot less excitement about investing in the US at the moment, a stop and hold until there is more certainty.”

Market reaction

At the time of writing, EUR/USD is still down 0.14% on the day, trading near 1.0800.

Source: Fxstreet