January 23, 2025 16:17 GMT
USD: Greenback Spikes and then Reverses as Trump Begins WEF Remarks
USD
- Greenback goes initially bid as Trump continues to make remarks, with EURUSD sliding to fresh session lows of 1.0373, and a notable spike for USDMXN from 20.40 to briefly print 20.55.
- As quickly as the dollar spike was seen, those gains have entirely reversed in most recent trade emphasising the sensitivity of G10 FX to Trump's remarks.
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