The EUR/USD currency pair saw a modest uptick of 0.12% late Tuesday during the North American trading session, reflecting an improved risk appetite among investors. The exchange rate gains were bolstered by growing expectations for another Federal Reserve rate cut in December, which has led to a weaker USD. Additionally, elevated inflation readings in the Eurozone have kept the Euro buoyed against its American counterpart.
Market sentiment appears to be shifting as traders respond to the potential for a looser monetary policy from the Fed. This environment has fostered a more favorable outlook for the Euro, encouraging buying pressure. As the EUR/USD approaches technical levels of interest, traders will closely monitor upcoming economic indicators that could influence the trajectory of this currency pair further in the week.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 23:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.