EUR/USD has dipped below the 1.1600 mark, trading around 1.1590 during the Asian session on Friday, following three consecutive days of gains. The decline comes as the US Dollar (USD) strengthens after previously experiencing three days of losses.
The recent movement in the currency pair indicates a tug-of-war between the Euro (EUR) and USD, influenced by shifting market sentiments and expectations surrounding Federal Reserve rate cuts. As traders adjust their positions, the exchange rate remains sensitive to economic indicators that could sway future Fed policy, suggesting potential volatility ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 06:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.