The euro saw gains after the US and EU struck a trade deal. Donald Trump and Ursula von der Leyen announced the agreement in Scotland. It involves a 15% tariff on EU goods. US and Chinese negotiators are meeting in Stockholm to extend a trade truce.

The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade.