Euro and British pound tumble against U.S. dollar as markets brace for Trump return

The euro and British pound dropped to multi-month lows against the U.S. dollar as trading resumed in the new year, with the euro falling 0.42% to $1.031 and sterling declining nearly 1% to $1.239. Optimism around the U.S. economy and equities was high, with Wall Street stocks opening higher and the U.S. dollar index rising by 0.36%, fueled by expectations of strong economic growth and favorable policies under a potential second Trump presidency in 2025.

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