EUR/USD set for 1.05, if not 1.00, on Trump win
Nov 6 (Reuters) - EUR/USD could drop to 1.05 for the first time in over a year, if not 1.00 for the first time in two years, if Donald Trump introduces tariffs on European Union imports via his promised "Trump reciprocal trade act".
Trump last week said the EU "don't take our cars. They don't take our farm products. They sell millions and millions of cars in the United States. No, no, no, they are going to have to pay a big price".
European Commission President Ursula von der Leyen attempted to pour oil on troubled waters on Wednesday by saying the EU and the US "are more than just allies" as she congratulated Trump after he claimed victory in the 2024 US presidential contest.
EUR/USD sank to an 18-week low by 1.0700 as the dollar jumped on the US presidential election results (EUR/USD was trading on a 1.09 handle when polling stations closed in Georgia at midnight GMT).
Related comment: nL1N3MB07X
For more click on FXBUZ
EURUSD https://tmsnrt.rs/4fAkHN7
(Robert Howard is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
