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Major forecasts: Different strokes
The strong US economy coupled with Trump’s inflationary plans will keep the Fed on hold for the foreseeable future, we think. The ECB will continue cutting rates, while we expect EUR/USD to fall to parity later this year. The inauguration speech by President Trump and the string of executive orders signed further suggested that while uncertainty about the exact palette of his measures remains high, he means business. Even though his first actions did not include the immediate implementation of tariffs, such measures are also very likely ahead. His victory has already been interpreted positively by many in the US, ... (full story)