EUR/USD is experiencing a notable rally as the US trading session approaches, currently trading above the 1.1750 level. The currency pair is eyeing last week's peak of 1.1762, indicating strong bullish momentum. Market participants are closely monitoring US manufacturing data and comments from Federal Reserve officials, which could significantly influence the exchange rate in the near term.
As traders assess the implications of upcoming economic indicators, the focus remains on how these factors may shape market sentiment. A robust US manufacturing report could bolster the USD, while dovish remarks from Fed speakers might support the EUR further. The interplay between these elements suggests that volatility in the EUR/USD exchange rate is likely as traders position themselves ahead of the data release.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 13:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.