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February 3, 2025

EUR/USD Slumps to 1.0200 as Tariffs Weigh Heavily

The EUR/USD exchange rate has taken a significant hit, plummeting to the 1.0200 area, marking a multi-week low. This downturn follows the fallout from President Trump’s tariff announcements and the subsequent sell-off of the euro.

As the market reacts to these tariffs, the potential for further weakness looms, with traders expecting prolonged pressure on the euro against the dollar.

In light of these developments, analysts urge caution, as uncertainties regarding trade relations may influence future price movements.

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