Idea for this week.

The EUR/USD pair ended a three-week losing streak, recovering towards 1.0600 before finally finding sellers. The US Dollar (USD) gapped lower at the weekly opening after reaching fresh 2024 highs against its European rival, with EUR/USD bottoming at 1.0332 on November 22.

Trump, tariffs and inflation
The week started with headlines indicating that United States (US) president-elect Donald Trump picked billionaire Scott Bessent to serve as the next secretary of the Department of the Treasury. “Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me and the Great People of the United States of America,” Trump noted.