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• EUR/USD flat lines around 1.0500 in Thursday’s late American session. 
• US Initial Jobless Claims rose last week. 
• Trump’s tariff threats and the ECB’s dovish stance might drag the Euro lower.

The EUR/USD pair trades flat near 1.0500 during the late American session on Thursday. However, Trump’s tariff threats might weigh on the Euro (EUR) against the Greenback. Later on Friday, the advanced HCOB Manufacturing and Services PMIs in Germany and the euro bloc will be released. 

US Initial Jobless Claims for the week ending February 15 rose to 219K, compared to the previous week's revised tally of 214K (from 213K), the US Department of Labor (DoL) showed Thursday. This figure came in above the market consensus of 215K. The reports have not changed expectations that the Federal Reserve (Fed) will remain on hold for several months.

Meanwhile, Trump said on Wednesday he will announce fresh tariffs within the next month, adding lumber and forest products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals. Trump's latest tariff plans might trigger fears of trade tension, which undermine the Euro in the near term. 

Additionally, the rising bets of further interest rate reductions from the European Central Bank (ECB) could contribute to the EUR’s downside. Analysts expect the European Central Bank (ECB) to deliver quarter-point cuts at every meeting until mid-2025. That would bring the deposit rate to 2.0%.

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