When will Trump take office as US president?
Donald Trump is set to return to the White House today after a decisive election victory over Kamala Harris. His inauguration as the 47th President of the United States marks the start of his second term in office.
The ceremony will take place at midday, shortly after Vice President JD Vance takes the oath of office. Here’s what to expect on this significant day.
Key Data Out Today
- US Presidential Inauguration: The commencement of Donald Trump’s second term sets the political tone for the coming years. Markets may react to potential policy outlines during his speech.
Commodities
- Energy Markets: Crude oil prices are subdued, with WTI at $77.66 (-0.29%) and
- Brent at $80.60 (-0.23%), reflecting slight corrections. Natural gas is under pressure, falling 3.83% to $3.79/MMBtu.
- Metals: Gold edged higher to $2,706.17 (+0.19%), signaling ongoing demand for safe-haven assets. Silver remains steady at $30.32.
Currency Movements
EUR/USD
- EUR/USD (Euro/US Dollar): The euro has strengthened slightly against the dollar, trading at 1.03078. This movement is partly due to market expectations surrounding U.S. fiscal policies under President Donald Trump’s administration, which may impact the dollar’s strength.
GBP/USD
- GBP/USD (British Pound/US Dollar): The pound is trading at 1.21726, showing marginal movement. The UK’s economic outlook remains cautious, with upcoming labor market data expected to influence the pound’s trajectory.
AUD/USD
- AUD/USD (Australian Dollar/US Dollar): The Australian dollar stands at 0.61987. Market participants are closely monitoring U.S.-China trade relations, as any developments could significantly impact commodity-linked currencies like the AUD.
NZD/USD
- NZD/USD (New Zealand Dollar/US Dollar): The New Zealand dollar is trading at 0.55989. Similar to the AUD, the NZD is sensitive to global trade dynamics and commodity price fluctuations.
USD/JPY
- USD/JPY (US Dollar/Japanese Yen): The yen is at 156.304 per dollar. Investors are anticipating the Bank of Japan’s upcoming policy meeting, with potential interest rate adjustments that could influence the yen’s value.
USD/CNY
- USD/CNY (US Dollar/Chinese Yuan): The yuan is trading at 7.32482 against the dollar. China’s monetary policy decisions and trade relations with the U.S. are key factors affecting this pair.
USD/CHF
- USD/CHF (US Dollar/Swiss Franc): The Swiss franc stands at 0.91339 per dollar. The franc’s movement reflects its status as a safe-haven currency amid global economic uncertainties.
USD/CAD
- USD/CAD (US Dollar/Canadian Dollar): The Canadian dollar is at 1.44734 against the U.S. dollar. Oil price fluctuations and trade policies are significant influencers of this pair.
USD/MXN
- USD/MXN (US Dollar/Mexican Peso): The peso is trading at 20.8363 per dollar. Mexico’s economic indicators and U.S. trade policies are pivotal in determining the peso’s strength.
USD/INR
- USD/INR (US Dollar/Indian Rupee): The rupee is at 86.5720 per dollar. The Reserve Bank of India’s interventions and regional currency trends are impacting the rupee’s performance.
Market Outlook
With Donald Trump now back in office, markets may look for cues on potential fiscal policy changes or new initiatives. Energy prices might experience further volatility as the global demand outlook evolves. Meanwhile, currency traders are likely to focus on central bank announcements and policy decisions later this week.