US dollar weakens as trade tariffs and falling bond yields weigh on sentiment. EUR/USD holds steady ahead of key economic data releases.

EUR/USD trades with mild losses near 1.0400 amid Trump's tariff threats

EUR/USD ground into a circle on Tuesday, marking in chart churn around the 1.0400 handle as Fiber bids struggle to find direction. European and US economic data remains thin throughout this week, with investor sentiment hinging entirely on whatever trade war rhetoric new US President Donald Trump tweets from one moment to the next.

Falling Treasury yields put additional pressure on the American currency.

The EUR/USD sits around 1.0380, indicating a  dip of 0.30% on Tuesday's trade but managed to clear part of its daily losses. Despite occasional attempts at recovery, the pair has failed to generate sustained momentum on the upside, suggesting sellers remain firmly in control in the bigger picture.

The Euro hit more advance above 1.0370 as the market still holds below 1.0460. As we see over the chart and as long as prices remain below 1.0460, another drop could hit the market with supports at 1.0300, 1.0175 and 1.0100.