EUR/USD continues to gain momentum, marking its sixth consecutive day of advances. As of Monday, the currency pair is trading just below two-week highs, currently positioned at 1.1620. This upward movement occurs despite recent data indicating a slowdown in Eurozone manufacturing, which could have typically weighed on the euro.
The persistent strength of the euro against the USD highlights market resilience, as traders remain optimistic about the eurozone's economic outlook. With the exchange rate holding firm, market participants are closely monitoring developments that could further influence this currency pair, especially in light of the softer manufacturing figures.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.