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Economist Weekly Market View
- The world’s most transacted currency pair, euro/dollar (EUR/USD) had an eventful first half of 2025. It is currently up by over 10% from where it commenced the year.
- From a dollar perspective, the currency started to come under sustained downward pressure from early March onwards.
- This, coupled with increasing tensions between the White House and the Federal Reserve over interest rate cuts, weighed heavily on the dollar
- The EUR/USD pair has tested back below the $1.16 handle.
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