The Euro (EUR) has reached a nine-week high against the US Dollar (USD), with the EUR/USD exchange rate currently trading at approximately 1.1748. This surge follows the release of soft US Initial Jobless Claims data, which has put downward pressure on the Greenback, pushing it to multi-week lows.
As traders react to the latest labor market indicators, the weakening of the USD has prompted a shift in market sentiment, favoring the Euro. This movement not only highlights the increasing strength of the Eurozone economy but also raises questions about the future trajectory of US monetary policy amid ongoing labor market challenges.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 16:58
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.