EUR/USD has seen modest gains on Thursday, recovering from earlier lows near 1.1670 and trading just above the 1.1700 mark. The currency pair's bounce comes ahead of critical US data releases, with traders anticipating the PCE Price Index and Q3 GDP figures. These indicators are expected to provide insight into inflation and economic growth, influencing the US dollar's performance.
The exchange rate of EUR/USD remains sensitive to upcoming US economic data, with the market positioning itself for potential volatility. A stronger-than-expected PCE or GDP report could further support the USD, putting pressure on the euro. Conversely, weaker data may provide EUR/USD with the momentum to extend its recovery from the 1.1670 support level.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 13:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.