The trade dispute with the US could escalate, jeopardizing the economic outlook for Europe. Europe's currency watchers are worried.
The European Central Bank (ECB) retains all options in the face of trade disputes and signs of economic slowdown.
As expected, at its interest rate meeting in Frankfurt, the Governing Council left the key interest rate in the eurozone at a record low of zero percent. In addition, commercial banks that park money with the central bank still have to pay 0.4 percent penalty interest.
The ECB also gave no further indication of a gradual exit from its ultra-loose monetary policy. As a result, the euro is losing ground against the US dollar today. Graphic: Saxo-Trader 
