The US Dollar (USD) softened following the release of the November payrolls report, which indicated persistent weakness in the labor market. Despite the softer data, the report lacked the intensity needed to alter expectations for interest rate cuts, allowing the Federal Reserve's easing bias to remain intact. This has kept traders focused on upcoming economic indicators, particularly Thursday’s Consumer Price Index (CPI) release.
As a result, the exchange rate for EUR/USD has seen slight movement, reflecting the market's cautious sentiment. With the USD under pressure, traders are closely monitoring the 1.05 technical level, while also considering potential impacts from inflation data. The interplay of these factors may influence the direction of the USD in the coming days, as market participants weigh the implications for future monetary policy decisions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 10:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.