The US Dollar (USD) continues to face challenges as it grapples with a persistent bearish trend that has been in place since late November. Recent trading has seen the USD weighed down by heightened expectations of a potential rate cut from the Federal Reserve next week, alongside disappointing economic data that has raised concerns about the currency’s outlook. The exchange rate dynamics indicate a shift in sentiment among investors, who are increasingly cautious about the Greenback's performance.
As market participants await the release of the crucial US Personal Consumption Expenditures (PCE) data and the flash University of Michigan consumer sentiment gauge, the pressure on the USD remains palpable. Currency pairs like EUR/USD are reflecting this uncertainty, with analysts closely monitoring technical levels for signs of potential reversal or continuation patterns. The ongoing developments underscore the complexities facing the USD and could dictate trading strategies in the upcoming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 19:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.