| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | Germany | Trade Balance (s.a.), bln | February | 16.2 | 17.8 | 17.7 |
| 06:00 | Germany | Industrial Production s.a. (MoM) | February | 2% | -1.1% | -1.3% |
| 06:00 | United Kingdom | Halifax house price index | March | -0.2% | 0.2% | -0.5% |
| 09:00 | Eurozone | Retail Sales (MoM) | February | 0% | 0.5% | 0.3% |
| 09:00 | Eurozone | Retail Sales (YoY) | February | 1.8% | 1.8% | 2.3% |
EUR strengthened against most of the other major currencies in the European session on Monday as investors sought liquid alternatives to the U.S. currency amid mounting concerns about the impact of U.S. President Donald Trump’s tariff policy on both U.S. and global growth.
The single European currency rose versus most of its major rivals but for safe-haven JPY and CHF.
The European Union (EU) is reportedly preparing its retaliatory measures to the U.S. reciprocal tariffs, imposing a 20% levy on almost all goods from the 27-nation bloc, going into effect on Wednesday, as well as 25% tariffs on imports of steel and aluminium and cars. According to the media, the EU may respond later today. The move would mark the region joining China and Canada against new Trump’s duties.
Meanwhile, today’s data showed that retail sales in the euro area increased 0.3% MoM in February, following an upwardly revised flat MoM performance in January. That was the first monthly gain since September 2024. Economists had predicted a 0.5% MoM rise. On a YoY basis, the Eurozone’s retail sales surged 2.3% in February, beating economists’ forecasts of a 1.8% soar.