The EUR/USD currency pair saw a modest recovery during the Asian session on Friday, with the exchange rate climbing to the mid-1.1600s. This movement comes as dip-buyers stepped in after a pullback from the 1.1680 level, the highest point reached since October 17. Traders are keenly watching for fresh cues to sustain this upward momentum.
Market participants are now looking ahead to the upcoming US Personal Consumption Expenditures (PCE) Price Index data, which could provide further direction for the USD. As inflation data continues to influence monetary policy expectations, any surprises in the PCE figures may have significant implications for the EUR/USD exchange rate and broader market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 03:07
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.