EUR/USD has resumed its upward trajectory on Wednesday, climbing above the 1.1640 mark. The strengthening of the euro can be attributed to positive economic indicators emerging from the Eurozone, particularly the Services Purchasing Managers' Index (PMI), which has bolstered investor confidence in the region’s economic recovery.
Market participants are closely monitoring comments from European Central Bank President Christine Lagarde, as her insights could provide further direction for the currency pair. The exchange rate's movement reflects a growing optimism about the euro's resilience against the USD, highlighting the ongoing volatility in forex trading as traders react to both economic data and potential monetary policy shifts.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 09:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.