Today we don't have much on the agenda with the German inflation data as the only highlight. As a reminder, the French and Spanish data last Friday missed across the board and firmed up the chances for a 25 bps cut at the upcoming ECB meeting.

The news of the day is the WSJ report saying that Trump is weighing broader and higher tariffs with hikes of up to 20% considered. This is likely to keep markets on the defensive side heading into the April 2 event.

Trump tariff
Source: Forex Live