EUR/USD rises above 1.20 mark, analysts say Trump's speech triggers stop loss

Earlier, US President Trump issued a signal to devalue the US dollar. Adam Button, an analyst at the financial website Investinglive, said that the market sees this as recognition of the recent sell-off of the US dollar, leading to a large-scale stop loss for the euro against the US dollar EUR/USD and breaking through the 1.20 mark to 1.2068, the first time since June 2021. Trump has long hinted at supporting the depreciation of the US dollar to enhance export competitiveness, but his remarks have raised questions about the central position of the US dollar in the global financial system. The price of gold hit a new high today, and Trump also warned that Cuba may "fall".