The EUR/USD surged to 1.0320 during Monday’s European session, as the US Dollar weakened due to a risk-on mood. The US Dollar Index dipped to 109.00 as markets anticipated significant policy changes from President-elect Donald Trump’s administration.
Trump is expected to declare a national emergency, boosting energy production and altering climate policies. Reports suggest over 200 executive orders may be signed on his first day, including measures on immigration, tax cuts, and trade tariffs. These policies could fuel US economic growth and inflation, keeping Federal Reserve interest rates steady.
Meanwhile, the Euro faces challenges, with expectations of the European Central Bank (ECB) cutting rates due to easing inflation in the Eurozone. Analysts predict oil price drops could further reduce inflation.
EUR/USD remains bullish in the short term, but key resistance lies at 1.0437, while support holds at 1.0175.
#ForexNews #EURUSD #CurrencyTrading #TrumpPolicies #MarketUpdate #EurozoneEconomy #InterestRates #USDollar #FinancialMarkets
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