EUR/USD experienced a slight retreat on Tuesday, trading at 1.1610 after reaching two-week highs above 1.1650 the previous day. The currency pair's movement reflects market caution as traders await crucial inflation data from the Eurozone, which could influence the European Central Bank's monetary policy decisions.
With the exchange rate hovering near these levels, market participants are keenly focused on how upcoming economic indicators may shape the outlook for the euro against the USD. A stronger-than-expected inflation report could bolster the euro, while disappointing figures may lead to further volatility in the currency pair as traders reassess their positions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 09:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.