The US Dollar (USD) experienced a notable decline as initial jobless claims surged to 236,000, marking the highest weekly increase since March 2020. This spike has intensified concerns surrounding the labor market's ongoing weakness, prompting traders to reassess their positions in the currency pair dynamics, particularly against the Euro (EUR) and other major currencies.
As the market digests this labor market data, the USD’s exchange rate is under pressure, with analysts highlighting potential implications for future monetary policy. The bearish sentiment may influence the Federal Reserve's outlook, as traders remain alert to shifts in employment trends that could impact future interest rate decisions. The ongoing volatility presents both challenges and opportunities for traders navigating the forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 13:34
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.