EUR/USD is facing downward pressure at the start of the week, slipping 0.05% amid a stronger US Dollar and heightened volatility in the market. As traders prepare for the upcoming Federal Reserve monetary policy decision, the pair is trading at 1.1637, having peaked at 1.1672 earlier in the session. The uncertainty surrounding Fed actions is contributing to a cautious trading environment.
The exchange rate reflects concerns over rising yields, which are bolstering the USD's appeal. As the market digests potential policy shifts and their implications for interest rates, traders are staying alert. The current dynamics suggest that further movements in the EUR/USD currency pair will heavily depend on the Fed's stance, making it a focal point for forex traders this week.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 23:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.