The US Dollar has experienced its third consecutive weekly decline as traders reassess the Federal Reserve's outlook. As of Friday, December 12, the USD is trading lower against major currencies, with the EUR/USD exchange rate hovering around 1.0850. This tripartite drop can be attributed to shifting expectations regarding interest rate hikes, with market participants anticipating a more dovish stance from the Fed in the near future.
In the forex market, the greenback faced pressure from risk-on sentiment, pushing the USD/JPY pair to 113.50, while the GBP/USD climbed to 1.3050, reflecting a stronger pound amid ongoing negotiations. The current trading environment indicates a lack of confidence in the dollar, which may lead to increased volatility as traders closely monitor upcoming economic indicators and Fed communications for further direction.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 07:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.