EUR/USD declined below the 1.1650 level on Tuesday, currently trading at 1.1642, reflecting a loss of over 0.20%. The downturn comes despite soft US inflation data that could support the Federal Reserve's potential interest rate cuts, as anticipated by market participants. Traders are closely monitoring these dynamics, which influence the exchange rate between the euro and dollar.
The resilient US labor data reinforces the strength of the dollar, contributing to the pressure on the EUR/USD pair. As the market digests this information, the outlook for the currency pair remains cautious, with traders evaluating the impact of monetary policy shifts on future trading strategies. Investors are likely to keep a close eye on upcoming economic indicators that could further sway the USD's strength against the EUR.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 01:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.