Market sentiment shifted to a risk-averse stance as December commenced, impacting several major currency pairs. The EUR/USD exchanged hands at 1.0550, reflecting a 0.5% decline, while the USD/JPY traded at 140.75, up 0.3%. Concerns over economic data, coupled with geopolitical tensions, prompted traders to seek safety in the U.S. dollar, strengthening its position against the euro and yen.
As investors reacted to the latest economic indicators, the GBP/USD also felt the pressure, sliding to 1.2200, a drop of 0.4%. The market's cautious approach resulted in increased volatility, with traders closely monitoring key resistance levels. The USD maintained its strength, with the DXY index rising to 104.50, signifying a robust demand for the greenback amidst uncertainty in global markets.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-01 08:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.