EUR/USD extends fall, poised for biggest daily decline since 2016 ...Middle East

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EUR/USD extends fall, poised for biggest daily decline since 2016
source : forex live ( Middle East ) () 37
The drop today brings the pair down to its lowest levels since June, with the daily decline itself set to even eclipse that seen in March 2020. The over 2% drop now is going to be the worst daily decline for EUR/USD since June 2016 amid the Brexit referendum vote. What a day.Trump's election win is not only a boost for the dollar but it is somewhat of a double whammy for the euro.The fear here is that he is going to ramp up trade pressures on the EU and enact tariffs on the region. That will impact the euro area economy further amid an already challenging and slowing outlook going into Q4 this year.In turn, that might be a cause for consideration for the ECB to cut rates even quicker. And th

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