The US Dollar (USD) gained modestly on Tuesday, breaking a multi-day losing streak as traders positioned themselves ahead of crucial economic data. Speculation intensified around a potential Federal Reserve rate cut next week, impacting the trading sentiment in major currency pairs. The EUR/USD exchange rate showed a slight decline, reflecting the USD's resilience amidst growing uncertainty.
Meanwhile, market attention also turned to China's Purchasing Managers' Index (PMI) and GDP figures, which are set to influence trading dynamics in the Asia-Pacific region. As investors weigh these developments, the AUD is closely watched, with fluctuations expected in response to the incoming data. Overall, the interplay of US economic indicators and international performance will be critical in shaping forex market movements in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 19:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.