The Euro (EUR) gained momentum against the US Dollar (USD) on Monday, with the EUR/USD currency pair trading around 1.1760. This marks a peak not seen since October 1, as the Greenback faces ongoing pressure following the Federal Reserve's recent decision to cut interest rates by 25 basis points. The softer USD is contributing to the Euro's rise in the exchange rate.
Market sentiment remains cautious as traders digest the implications of the Fed's outlook. The interest rate cut has led to increased speculation about the central bank's future monetary policy, boosting the appeal of the Euro in the process. As the EUR/USD pair holds near multi-week highs, investors will closely monitor upcoming economic data and Fed statements for further direction.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 16:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.