🔴 Goldman Sachs expects that Donald Trump's victory in the US presidential elections could lead to the euro falling against the US dollar to below parity levels. This expectation is based on Trump's potential policies that include imposing new trade tariffs on China, Mexico, and possibly other European countries. These tariffs could lead to a slowdown in global trade and increase pressure on other economies, including the European economy.

👈 In addition, Trump is expected to cut taxes, which will increase domestic demand and stimulate the US economy, but will keep inflation levels high. This high inflation means that the Federal Reserve may not cut interest rates quickly or significantly, which will support the strength of the US dollar.

👈 Therefore, the euro may be under pressure as a result of Trump's policies, especially with the strong economic performance of the United States and the rise in dollar returns compared to other currencies.

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