The Euro continues to hold steady above the 1.1600 mark against the US Dollar, buoyed by increasing expectations of a Federal Reserve rate cut in December. As the North American trading session progresses on Friday, the EUR/USD exchange rate is positioned to close the week with a notable gain of 0.81% and a monthly increase of 0.59%.
Market sentiment is heavily influenced by the dovish outlook for the Fed, with the probability of a rate cut now sitting at 87%. This shift has driven traders to favor the Euro, strengthening its position and contributing to a robust trading environment as we approach the end of November. The current dynamics suggest that the Euro could continue to thrive as long as dovish sentiments dominate the Fed's monetary policy outlook.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 22:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.