The US Dollar (USD) struggled to maintain momentum on Thursday as it faced renewed selling pressure after disappointing employment data. Initial Jobless Claims for the week ending December 6 surged to 236,000, significantly higher than the previous 192,000, prompting traders to reassess their outlook on the currency. As a result, the USD weakened against major currencies, driving down exchange rates in several pairs.
In this environment, the EUR/USD currency pair saw increased activity, with the euro gaining ground amid the dollar's decline. Traders are now closely watching upcoming economic indicators that could further influence the USD's trajectory. The market's reaction to the Fed's recent decisions suggests a cautious sentiment, as investors continue to prioritize economic data over central bank signals.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 21:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.