The euro hits a 412 month low versus dollar
Dollar close to levels seen right after U.S. elections
Investors focus on data while wait for clarity about U.S. policies

Nov 11 Reuters The euro hit a 412month low against the U.S. dollar as investors worried about possible U.S. tariffs which would hurt the euro area39;s economy.

The greenback was within striking distance of the levels seen right after the U.S. presidential election against major currencies as markets focused on data and Federal Reserve speakers and waited for clarity about future U.S. policy.

Analysts expect measures from Presidentelect Donald Trump to put upward pressure on inflation and bond yields while limiting the Fed39;s scope to ease policy.

However, they see investors trading on economic data and clues about the rate outlook before seeing what Trump39;s policies would actually be in practice.

Market participants flagged that the sensitivity of the euro to the threat of higher U.S. import tariffs was evident late Friday, when media reported that Trump was lining up Robert Lighthizer, seen as a hawk on trade, to run his trade policy.

However, two sources familiar with the matter said Lighthizer has not been asked by Trump to return to the agency overseeing trade policy.

The single currency was down 0.3 at 1.0685, after hitting 1.0679, its lowest level since lateJune.

The thesis for dollar bears now is that it will take a while for tariffs to come through and the Fed recalibration to less…