The EUR/USD currency pair continues to face downward pressure, trading at monthly lows of 1.1640. This decline is a result of mixed economic data from Germany, which has raised concerns about the Eurozone's economic resilience. As the pair is on track for a 0.6% depreciation this week, traders are particularly attentive to these developments.
Market sentiment is further influenced by the upcoming US Non-Farm Payroll (NFP) report and a ruling on tariffs. The potential implications of these events could shift the exchange rate dynamics significantly. As traders position themselves ahead of these key announcements, the USD remains strong against the EUR, highlighting the ongoing volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.