The US Dollar struggled to maintain its recovery momentum on Friday, December 5, as traders awaited the next influx of economic data. The EUR/USD exchange rate saw a slight uptick, reaching 1.1700, while the USD/JPY pair experienced minimal movement, hovering around 110.50. Market participants are closely monitoring upcoming reports, including the non-farm payrolls, which could significantly impact trading strategies.
Concerns over inflation and potential changes in monetary policy continue to affect the USD's performance. Analysts noted that the greenback's strength against major currencies has begun to wane, with the DXY index currently at 92.50, down 0.2% for the day. As the market anticipates key data releases, volatility is expected, with traders adjusting positions in anticipation of potential shifts in the USD's trajectory.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 07:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.