The US Dollar gained momentum on Thursday, December 18, as traders adopted a cautious stance ahead of significant economic events. The EUR/USD exchange rate hovered around 1.0850, reflecting a 0.2% decline, while the USD/JPY pair saw a modest increase to 113.50. Market participants are closely monitoring upcoming data releases, which could impact Fed policy expectations and the dollar's strength.
Risk aversion drove demand for the USD, with investors favoring safer assets amid geopolitical tensions. The GBP/USD pair slipped to 1.3000, down 0.3%, as concerns over Britain's economic outlook weighed on the currency. As trading volumes increase in anticipation of these pivotal developments, the dollar's resilience will be tested against the backdrop of fluctuating exchange rates across major currency pairs.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 19:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.