The EUR/USD currency pair is currently trading near monthly lows of 1.1640, reflecting a downward trend as it heads for a 0.6% depreciation this week. Despite encouraging consumption figures from the Eurozone, which typically bolster the euro, the exchange rate has remained under pressure.
Market sentiment continues to favor the USD, as traders remain cautious amid uncertainties that overshadow the euro's resilience. This recent weakness highlights the ongoing challenges faced by the eurozone economy, even when fundamental data appears strong. The persistent dip in the EUR/USD exchange rate may prompt traders to reassess their positions in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.