EURUSD Too much frills and noise in the news outlets on whatever has happened and the mayhem in the markets.
Here's my personal rendition on why EU will still go up:
Macroeconomics equation:
GDP = Consumption (C) + Investment (I) + Government Spending (G) + Exports (X) - Imports (IM)
Clearly with Doge cuts to government spending, together with the tariffs which reducings imports to the US, GDP for US is set to fall, which induces the Federal reserve to cut interest rates to support the economy. This creates an expectation of a depreciating USD, which we are currently seeing in the market.