EUR/USD is currently testing two-and-a-half-month highs, trading around the 1.1765 level as the market approaches the opening of the US session on Tuesday. This movement comes despite the adverse effects of weaker-than-expected preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs). The currency pair appears to have regained momentum, continuing its broader bullish trend amid ongoing market speculation.
As traders await crucial US employment and consumption data, the outlook for the USD remains uncertain. The EUR has benefitted from this dynamic, strengthening against the USD and drawing interest from investors looking to capitalize on potential shifts in the exchange rate. With key economic indicators on the horizon, market participants are closely monitoring trends that could further impact the USD's performance against the EUR.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 13:38
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.