The euro broke above 1.2 for the first time, and Trump's speech triggered massive stop-losses
According to Jinshi, U.S. President Trump earlier signaled a depreciation of the dollar, leading to a massive stop-loss in the euro against the dollar (EUR/USD), which briefly broke the 1.2 level and rose to 1.2068. This is the first time since June 2021. Trump has long hinted at supporting a weaker dollar to enhance export competitiveness.
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