The EUR/USD currency pair surged above the 1.1640 mark on Monday, reflecting a more than 0.40% increase as traders shifted away from the US Dollar. This movement comes in response to escalating tensions in the US-European Union trade relationship, sparked by President Trump's recent actions regarding Greenland, which have heightened market uncertainty and affected risk appetite.
Trading at 1.1642 after rebounding from daily lows of 1.1576, the exchange rate indicates a growing preference for the Euro amidst the deteriorating sentiment towards the USD. As concerns over the trade war intensify, investors are likely to remain vigilant, keeping a close eye on further developments that could influence currency movements in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 23:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.