The EUR/USD currency pair is making notable gains as it approaches the 1.16 mark, currently trading at 1.1595, up 0.22%. This upward movement follows two consecutive bullish days, fueled by speculation surrounding a potential interest rate cut by the Federal Reserve in December, after a robust jobs report was released.
Despite falling unemployment claims, the dovish sentiment persists, allowing the euro to strengthen against the dollar. The pair bounced off daily lows of 1.1547, indicating resilience in the face of fluctuating market conditions. Traders are closely monitoring the implications of the Fed’s monetary policy as they navigate the evolving landscape of the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 23:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.