The forex market sees a stabilization in the USD as traders prepare for the release of the Federal Reserve's December meeting minutes. The central bank's decision to cut its benchmark interest rate by 25 basis points and signal another potential rate cut in 2026 continues to influence trading dynamics. The EUR/USD exchange rate holds steady around 1.0950, as investors weigh the implications of the Fed's monetary policy on the dollar's value.
In commodities, gold prices slipped, reflecting the strengthened USD. Trading at approximately $1,880 per ounce, gold is under pressure as market participants anticipate the insights the Fed minutes may provide regarding future interest rate adjustments. As the market reacts to the interplay between USD stability and gold's retreat, traders remain cautious, keenly awaiting any hints from the Fed that could affect their positions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 21:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.