The US dollar is benefiting from the victory of Republican Donald Trump in the US presidential elections, as investors factor in potential tax benefits and trade tariffs under his administration, which in turn will affect inflation.

EUR/USD Pair Movement

At the end of Tuesday, the EUR/USD pair is holding around the lower boundary of the 1.0600-1.0670 range. As we wrote yesterday, traders and investors are awaiting data on the US consumer price index, which will be published later today. In case of a continued decrease in quotations and overcoming the 1.0600 mark, the price can find the next support zone closer to the 1.0530 level.