EUR/USD continues to struggle, trading at four-week lows of 1.1690 as the week begins. The currency pair has maintained a soft tone that persisted through last week, reflecting ongoing uncertainties in the market. Traders are closely monitoring upcoming US macroeconomic releases, particularly the ISM Manufacturing PMI figures, which could significantly influence the exchange rate.
As the USD strengthens, market participants are weighing the potential implications of the US's intervention in Venezuela against a backdrop of critical economic data. The focus on the manufacturing sector highlights the delicate balance between economic growth and geopolitical tensions, leaving traders cautious as they navigate these developments in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 12:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.