Author speculates on Trump's dollar devaluation goals and EUR/USD direction, noting Europe's rate cuts and commodity strength.
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As the title says. Trump has never hidden that he wants to devalue the dollar, from the eur/usd chart it seems that he is taking a similar path to his first term. But where does it want to go this time, today I took a look at the charts and it jumped to 1.20 which is already high for the speed at which it was reached.
In the meantime, how will Europe behave? Such an expensive EUR on an industrial and financial level is not a good thing, will they also make moves?
Europe has already made more interest rate cuts than America, which still has ample room to cut.
In this scenario, the raw materials are running obviously... there is fear and uncertainty, as in this post, and this is why they are on.
What do you think of the EUR/USD ratio?