EUR/USD regained composure and advanced to the proximity of the 1.0400 region on Tuesday, up nearly 2 cents since Monday’s multi-week lows.
The pair’s strong rebound came on the back of further losses in the US Dollar (USD), which prompted the US Dollar Index (DXY) to break below the 108.00 support and hit two-day lows.
The renewed offered stance in the Greenback coincided with market participants assessing further President Donald Trump’s plans to delay the 25% tariff on Canadian and Mexican goods, while keeping in place a 10% charge on Chinese imports.