ForexLive European FX news wrap: Dollar eases ahead of Trump inauguration ...Middle East

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ForexLive European FX news wrap: Dollar eases ahead of Trump inauguration

Headlines:

Reminder: US markets will be closed todayWeekly update on interest rate expectationsBitcoin at fresh record highs as Trump meme coin sparks buying feverECB's Holzmann: A rate cut is not a foregone conclusion for me at allChina reportedly set to promote Zou Lan to PBOC deputy governorGermany December PPI -0.1% vs +0.2% m/m expectedSwitzerland December producer and import prices 0.0% vs -0.6% m/m priorSNB total sight deposits w.e. 17 January CHF 445.3 bn vs CHF 445.1 bn prior

Markets:

    EUR leads, JPY lags on the dayEuropean equities little changed; S&P 500 futures down 0.1%Gold up 0.2% to $2,707.06WTI crude flat at $77.33Bitcoin up 5.3% to $106,527

    All eyes are on Trump's inauguration next to see what he will announce as he takes charge of the White House again.

    In other markets, Bitcoin is up as Trump also stirred up some crypto fever by launching his own meme coin. $TRUMP reached a market cap high of $14 billion before falling back to just under $11 billion currently. Still, it launched Bitcoin to a fresh record high just above $109,000 before easing back a little below the December high.

    This article was written by Justin Low at www.forexlive.com.

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