Euro rebounds from 3-week low

The euro rebounded from a three-week low it touched earlier on Thursday after US President Donald Trump imposed 25% tariffs on cars and light trucks, which will take effect next week.

The euro rose 0.3% to $1.078625, after touching a three-week low of $1.0733 in early trading.

The dollar index, which measures the greenback against six major currencies, fell 0.33% to 104.29.

The British pound rose 0.26% to $1.2919, and the Japanese yen edged up slightly to 150.17 yen per dollar.

The Mexican peso fell 0.5% to 20.2054 per dollar during Asian trading, while the Canadian dollar was steady at $1.4261. The Australian dollar rose 0.21% to $0.6311, while the New Zealand dollar rose 0.23% to $0.5742. Markets are currently awaiting the announcement of the counter-tariff measures next week, as investors fear the impact of the tariffs on US growth and inflation.