The EUR/USD pair continues to face downward pressure for a second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours.
EUR/USD remains under pressure as the US Dollar appreciates amidlikelihood of Trump increasing importtariffs and reducingcorporate taxes. Trump’s fiscal policies could heighten inflation risks, potentially prompting the Fed to adopt a more restrictive monetary policy stance. German Chancellor Olaf Scholz dissolved the ruling coalition, leading to new elections to restore stability amid political uncertainty. The pair is weighed down by a stronger US Dollar and political uncertainties in Germany .
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD . What is the ECB and how does it impact the Euro? The European Central Bank in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth.
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