Ahead of Trump's inauguration, the euro is struggling against the dollar

Ipek Ozkardeskaya, an analyst at Swissquote, said in a note that the euro was struggling against the dollar as eurozone government bond yields retreated from recent highs and ahead of Mr. Trump's inauguration on Monday. Mr. Trump is expected to announce a series of growth-boosting policies that could lead to inflation and potentially boost the dollar.
At the same time, falling bond yields, the prospect of further rate cuts by the European Central Bank and concerns about high debt levels in many euro zone countries are likely to keep the euro under pressure. She said traders are expected to want to sell the euro above 1.0300.