Markets rallied today as risk sentiment improved following a breakthrough in US-EU relations. US President Donald Trump confirmed that an agreement on "the framework of a future deal with respect to Greenland" had been reached with NATO. This eased tensions between the US and the EU, fueling a rebound in global equities and easing safe-haven demand. The EUR/USD saw a boost, rising 0.3% to 1.1250 as the greenback weakened across the board.
Meanwhile, gold prices surged to a record high of $1,900 per ounce as investors turned to the precious metal amid uncertainty. The USD/JPY traded lower, dropping 0.2% to 110.15, while the GBP/USD saw modest gains, climbing 0.1% to 1.3085. The shift in sentiment, along with easing political tensions, has brought more stability to the markets, with traders closely monitoring further developments between the US and NATO.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 19:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.