EUR/USD has retreated from its session peak of 1.1764, now trading at 1.1750 as market sentiment shifts. This pullback is primarily attributed to disappointing preliminary Purchasing Managers Index (PMI) data from the Eurozone, reflecting weaker performance in both the Manufacturing and Services sectors.
As the exchange rate stabilizes, the euro's decline against the USD underscores concerns over economic growth in the region. Traders are closely monitoring these developments, as softer PMIs could influence future monetary policy decisions by the European Central Bank, potentially affecting the currency pair's trajectory in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 10:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.