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The euro rose to a near six-month high against the dollar after U.S. President Donald Trump announced sweeping global tariffs.

The tariffs included a 20% levy on EU imports but concerns about the impact of the measures on U.S. economic growth hit the dollar most.

The main reason to buy the euro is that it’s a big, liquid alternative to the dollar and the dollar’s troubles of weaker U.S. consumption are greater than the euro’s, ING’s Chris Turner said in a note.

However, “we don’t really buy into the story that the worst is out of the way for Europe.”The euro hits a high of $1.0991.