Agency: EUR/USD is struggling ahead of Trump's inauguration
According to a report by Ipek Ozkardeskaya, an analyst at Swiss bank UBS, as the eurozone's government bond yields fall from recent highs and the euro struggles against the US dollar ahead of Donald Trump's inauguration on Monday, it is expected that Trump will announce a series of policies aimed at stimulating economic growth, which could lead to inflation and potentially boost the dollar. Meanwhile, the prospect of further interest rate cuts by the European Central Bank, concerns about high debt levels in many eurozone countries, and the decline in bond yields could continue to put pressure on the euro. She said that traders are expected to sell the euro above 1.0300.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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