The US Dollar (USD) faced pressure on Monday as traders reacted to growing concerns about the Federal Reserve's independence. This sentiment has led to speculation of a more dovish stance from the Fed in the coming months, influencing the USD's performance against major currency pairs. The EUR/USD exchange rate saw a slight uptick, moving towards the 1.0900 level, reflecting the dollar's diminished appeal.
As inflation data looms, investors are closely monitoring the implications for future monetary policy. The recent shift in market sentiment indicates a potential recalibration of expectations regarding the Fed's interest rate path. This could result in increased volatility for the USD and heightened trading activity in forex markets, particularly as traders adjust their positions ahead of upcoming economic reports.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 19:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.