The Euro (EUR) surged against the US Dollar (USD) on Thursday, reaching a nine-week high as the Greenback weakened following disappointing US Initial Jobless Claims data. The EUR/USD currency pair was last seen trading at 1.1748, marking its highest exchange rate since October 3. This upward momentum reflects the market's reaction to softer employment figures, which raise concerns about the strength of the US economy.
As the US Dollar slides to multi-week lows, traders are closely monitoring the implications for future Federal Reserve policy. The deterioration in the jobs data could lead to shifting expectations regarding interest rate hikes, further influencing the EUR/USD trading landscape. The current exchange rate highlights the potential for continued volatility as markets digest the impact of recent economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 17:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.