The EUR/USD currency pair strengthened significantly during the early European session on Tuesday, climbing to approximately 1.1645. This upward movement is primarily driven by growing expectations of a US interest rate cut announced by the Federal Reserve on Wednesday, which has created downward pressure on the US Dollar (USD).
In addition to rate cut speculation, robust German economic data has contributed to the Euro's (EUR) resilience against the greenback. As traders eye the exchange rate closely, the implications of these developments may influence market sentiment and trading patterns in the coming days, with potential volatility expected around the Fed's decision.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.