EUR/USD is currently trading at 1.1690, reflecting a 0.4% increase on the day. This rise comes after the currency pair bounced back from one-month lows around the 1.1620 mark. The recent recovery signals resilience in the Euro against a weakening US Dollar, as market sentiment shifts.
The decline in the USD is largely attributed to former President Trump's critical stance on the Federal Reserve's monetary policy. His comments have heightened uncertainty about the central bank's direction, prompting traders to reassess their positions. As the EUR gains traction, the implications for the broader market could be significant, suggesting a potential shift in investor focus towards the Eurozone.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 12:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.