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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