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February 4, 2025

EUR/USD Makes Remarkable Comeback as Trump Delays Tariffs on Canada and Mexico

EUR/USD significantly bounces back from an intraday low of 1.0270, moving closer to 1.0350 during the European session on Tuesday. The recovery of this key currency pair stems from increasing demand among buyers as US President Donald Trump made headlines with his decision to postpone tariffs on Canada and Mexico. This announcement has diminished the safe-haven appeal of the US Dollar, prompting traders to shift their focus towards the Euro.

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