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November 26, 2024

EUR/USD Remains Stable as Eurozone Avoids Major Political Backlash

The Euro showed slight strengthening against the dollar overnight, as the Eurozone escaped immediate criticism from the president-elect, Donald Trump. As evaluations of economic policy continue, the stability of the EUR could be maintained for now, according to Shaun Osborne from Scotiabank. However, investors must stay aware of the underlying factors that could still swing currency dynamics. Anticipate how this stability might influence trading strategies, particularly for short- and long-term positions.

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