Market pressure on the Euro has continued over the last 48 hours as Trump looks increasingly set to implement an America First policy around trade tariffs, which is set to sting Europe particularly hard given that they are one of America's largest trading partners.
Trump has already stated he intends to introduce a 10% import tariff to bolster The U.S Manufacturing base and is one reason why we've seen the EUR/USD rate continue to slide.
Alongside this, the collapse within The German government has also provided extra downside on The Euro, with political uncertainty leading to the collapse of the coalition government and an increasing possibility of a snap election being called in March 2025.
