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With so much uncertainty around the tariffs, trading in the major pairs became subdued as the week wore on, with the EUR/USD trading sideways since Tuesday evening
Trump will be inaugurated on Monday, January 20, and markets will quickly switch focus back to the incoming President’s aggressive fiscal policy plans.
The dollar gained against most currencies, with the EUR/USD falling below 1.028, just shy of the 2-year low it hit last week
A detailed look at the major market events in 2024 and a discussion on why volatility is expected in 2025
Even with inflation not fully tamed, the case for the cut today is ironclad, and deeper cuts could be coming sooner rather than later.
The crypto industry expects a lighter approach to digital currencies and their nascent relationship with institutional capital.