EUR/USD continued its downward trend on Wednesday, marking the sixth consecutive day of losses as it traded below the 1.1730 level. This decline follows last week’s peak above 1.1800, indicating a significant reversal in the currency pair's momentum. The recent movement reflects broader market dynamics as traders react to end-of-year conditions.
The decline in EUR/USD coincides with a moderate rebound in the US Dollar (USD), driven by the release of the December Federal Reserve Monetary Policy Meeting minutes. As investors digest the implications of these minutes, the exchange rate for EUR/USD faces pressure, suggesting a cautious outlook for the Euro (EUR) in the short term. This trend highlights the ongoing strength of the USD amidst shifting monetary policy expectations.
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Data Source: FX Killer Analysis Team Updated: 2025-12-31 09:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.