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January 23, 2025

EUR/USD Declines as Investors Evaluate Trump’s Tariff Impact

EUR/USD slipped towards 1.0400 during the European session on Thursday as the US Dollar gained momentum. The US Dollar Index, or DXY, which measures the Greenback’s value relative to six major currencies, rallied back to approximately 108.40, recovering from a two-week low of 107.75 recorded the previous day.

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