The Euro (EUR) weakened against the US Dollar (USD) on Friday, trading flat near the 1.1600 mark after slipping to its lowest level since November 28. This downturn reflects the renewed strength of the Greenback, which has been capping any potential rebounds in the EUR/USD currency pair.
As traders focus on the USD's continued demand, the exchange rate remains under pressure. The inability of the Euro to maintain its intraday gains signals a challenging environment for the currency, with market participants closely monitoring economic indicators that could influence future movements in this key trading pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 16:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.