EUR/USD Analysis: The Euro’s Fate Determined by the “Greenland Deal” – 21 January 2026
The EUR/USD pair is consolidating near 1.1730 amid renewed U.S.–EU tariff tensions, with traders eyeing a break above 1.1800 or a drop toward 1.1650.

The EUR/USD pair is consolidating near 1.1730 amid renewed U.S.–EU tariff tensions, with traders eyeing a break above 1.1800 or a drop toward 1.1650.
Gold prices have surged to record highs near $4,800 per ounce, driven by safe-haven demand amid U.S. – EU tensions over Greenland and weakening Dollar confidence.
The USD/SGD pair fell sharply to test recent lows near 1.28375 as global risk sentiment deteriorates, with Trump’s Davos speech in focus.
The USD/BRL continues to trade within a tight range near 5.3750, but upcoming remarks from President Trump at Davos could spark short-term volatility.
The prospect of a renewed US/EU trade war over Greenland could produce wild moves in this currency pair
USD/JPY experienced major volatility on Tuesday amid rising Japanese bond yields, but strong carry trade dynamics continue to favor the US dollar.