EUR/USD continues its upward trajectory, gaining 0.41% during North American trading on Thursday. The currency pair climbed to 1.1742 after bouncing off daily lows of 1.1682. This movement comes in the wake of the Federal Reserve's decision to cut interest rates, which has led to a retreat in the USD amidst concerns over the economic outlook.
Compounding the dollar's decline, weaker-than-expected job data from the United States has further pressured the exchange rate. As traders react to these developments, the market appears poised for continued volatility, with the EUR demonstrating strength against the backdrop of a dovish Fed and soft economic indicators. The current trading dynamics suggest that investors will be closely monitoring future economic reports that could influence the EUR/USD pair moving forward.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 23:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.