EUR/USD Moves Upward as US Economic Outlook Wavers Due to Trump Policies
The EUR/USD pair strengthens, trading firmly around 1.0850 after overcoming early losses in Monday’s European session. The current price action indicates a recovery phase for the euro as US Dollar struggles to regain strength. Recent policies put forth by former President Trump have raised concerns regarding the US economic outlook, weighing heavily on market sentiment. Traders are closely monitoring the currency pair as it navigates this fluctuating environment. Analysts predict that continued uncertainties surrounding US economic policies could favor the euro in the short term.