FX.co ★ Euro Holds Near 2-Week High Amid Geopolitical Tensions

The euro maintained a position around $1.17, reaching its highest point in two weeks, as investors analyzed statements made by US President Donald Trump at the World Economic Forum in Davos amidst ongoing global tensions. President Trump reiterated his interest in purchasing Greenland but clarified that he has no intention of acquiring the island through force. Despite this assurance, tensions remain elevated as the European Parliament's trade committee has indefinitely deferred the ratification vote on a potential US trade agreement, highlighting a growing apprehension in Europe regarding Trump's ambitions. The United States has issued threats of imposing tariffs on several European nations unless the acquisition of Greenland is permitted, consequently straining the transatlantic relationship. Meanwhile, on the economic policy front, indications of a stable Eurozone economy alongside inflation nearing its target bolster the anticipation that the European Central Bank will likely maintain its current interest rates moving forward.