EUR/USD holds steady above the 1.1600 level, recording modest gains of over 0.15% on Monday as the U.S. Dollar weakens. The decline in the Greenback follows hawkish comments from Kazuo Ueda, the Governor of the Bank of Japan, which have added pressure on USD in the forex market.
A lack of significant economic data from both the U.S. and Europe has also played a role in stabilizing the Euro's exchange rate. The current market environment suggests that traders are closely monitoring geopolitical developments and central bank signals, which could lead to further fluctuations in the currency pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 22:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.