The euro held steady just above the $1.16 mark as investors awaited the European Central Bank's policy decision and kept a close eye on EU-US trade developments. The ECB is expected to leave interest rates unchanged on Thursday after eight consecutive cuts, with policymakers adopting a wait-and-see approach amid uncertainty over the impact of steeper-than-expected US tariffs and a stronger euro on European growth and inflation. At the same time, EU envoys are preparing to meet as early as this week to discuss contingency measures in case of a no-deal outcome with US President Donald Trump, whose tariff stance appears to have hardened ahead of the August 1 deadline.