European natural gas prices have dipped below EUR 30/MWh for the first time since May, significantly enhancing the euro's terms of trade. This decrease provides much-needed relief to the continent's manufacturing sector, which has been under pressure amid soaring energy costs. As a result, the EUR/USD exchange rate has seen positive movement, reflecting increasing confidence in the eurozone's economic stability.
ING's FX analyst Chris Turner emphasizes that this development could strengthen the euro further in the forex market. Lower energy prices are expected to contribute to a more favorable trading environment, potentially leading to an uptick in euro demand against the USD. Traders should monitor these shifts closely, as they could influence future currency pair dynamics and overall market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 11:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.