The Euro (EUR) maintained its strength against the US Dollar (USD) on Monday, with the EUR/USD currency pair trading near two-week highs. This stability comes as traders analyze the latest ISM Manufacturing Purchasing Managers Index (PMI) data, which presented mixed signals, leaving the Dollar on the defensive.
As market participants digest these economic indicators, the exchange rate of EUR/USD reflects a cautious optimism among Euro bulls. The ongoing fluctuations in PMI data could influence trading strategies, potentially affecting the trajectory of the USD in the coming sessions. With the pair hovering around this elevated level, the focus remains on how forthcoming economic reports may sway market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 16:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.