In the currency market

The US Dollar is showing strength associated with a number of factors, among which Trump's tax and tariff policy as a potential future president of the US are significant. Also, it is crucial that interest rates outside the United States are rapidly falling, which enhances the attractiveness of the dollar.

Recent Performance

Over the last three weeks, the Euro has lost more than 3% of its value and has dropped below the 200-day moving average, reaching the lowest level in the last 2.5 months. Last week, the EURUSD pair found support near the 1.0800 mark. A retest of this zone is possible in the near future.