Last week, we saw the “Trump Trade” unwind as the Dollar softened on speculation that President Trump’s tariff policies may not be as aggressive as initially feared. This shift led to a 2% rise in both GBPUSD and EURUSD, bringing some welcome relief to Sterling and Euro sellers who had previously faced challenges.
While this movement is promising, it’s unclear whether this trend will continue or reverse sharply in the near term. My advice is to remain nimble with these currency pairs and stay alert to major market movements, as data releases and Trump’s unpredictability could quickly change the outlook.
January’s Currency Volatility: What It Means for Your Transactions - CLICK HERE to read more.
