The Euro (EUR) continues to trade under pressure against the US Dollar (USD), remaining undervalued despite recent optimism surrounding potential peace in Ukraine. ING's FX analyst Francesco Pesole highlights that weak German business sentiment is likely to limit any near-term gains for the EUR, keeping the exchange rate vulnerable in the current market environment.
Nevertheless, there is a possibility for the EUR/USD currency pair to rise above the 1.160 mark in the coming weeks. This potential movement stems from evolving geopolitical dynamics and market reactions to economic indicators, which may spark renewed interest in the Euro amidst ongoing trading volatility. Investors are advised to monitor the situation closely as developments unfold.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.