EUR/USD is currently trading at 1.1715, retracing from its recent highs above the 1.1800 mark reached on Tuesday. The pair remains sensitive to market sentiment following the release of disappointing German business climate data, which has weighed on the Euro. This decline highlights the ongoing challenges facing the Eurozone's economy.
In contrast, the US Dollar is gaining strength as a backlog of delayed US labor figures was released, bolstering confidence in the USD. The combination of these factors is contributing to the consolidation of EUR/USD's previous losses, suggesting that traders should closely monitor upcoming economic indicators that may further impact the exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 09:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.