The US Dollar (USD) faced significant selling pressure today, dropping to multi-week lows as market participants brace for a potential interest rate cut by the Federal Reserve, expected as early as next week. This sentiment is reflected in the USD's trading performance, particularly against the Euro (EUR), with the EUR/USD pair showing resilience amid the declining exchange rate of the greenback.
Attention will be drawn to Federal Reserve Chair Jerome Powell's upcoming remarks, which could further influence the USD's trajectory. Additionally, flash Consumer Price Index (CPI) data from the European Monetary Union (EMU) is set to be released, potentially impacting the Euro's strength. As the market digests these developments, traders remain vigilant, navigating through the volatile forex landscape shaped by evolving monetary policy expectations.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 19:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.