The US Dollar (USD) maintained its upward momentum on Thursday, reaching six-month highs amid diminishing expectations for another interest rate cut by the Federal Reserve (Fed) in December. This shift in sentiment has bolstered the USD, impacting key currency pairs.
The EUR/USD exchange rate reflected this strength, with the dollar trading firmly against the euro as traders reassess monetary policy outlooks. As market participants await the release of the Purchasing Managers' Index (PMI) data, the focus remains on how economic indicators could further influence the dollar's trajectory and the broader forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-11-20 18:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.