EUR/USD is experiencing slight gains on Friday, trading around the 1.1650 mark after facing resistance at 1.1675 earlier in the European session. Despite the upward movement, the downside remains constrained as traders anticipate a quarter-point interest rate cut by the Federal Reserve next week, which could significantly impact the USD's value against the Euro.
As the market awaits key Eurozone GDP and employment data, the exchange rate reflects cautious optimism among investors. The potential rate cut by the Fed is contributing to a supportive environment for the EUR, keeping the currency pair elevated. With the upcoming data releases, traders are closely monitoring the situation for any signs of volatility that could influence near-term trading dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 09:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.