EUR/USD continued its upward trajectory during the North American session, rising 0.42% to trade at 1.1757. The currency pair found support after bouncing off daily lows of 1.1706. This movement comes amid increasing speculation regarding the Federal Reserve's potential to maintain an easing monetary policy, which is exerting downward pressure on the USD.
With a limited economic calendar on both sides of the Atlantic, traders are closely monitoring Fed commentary for further clues on future interest rates. The weakening dollar has bolstered the euro, allowing the EUR/USD exchange rate to gain momentum. As the market digests these developments, further fluctuations in the pair could signal ongoing shifts in sentiment around U.S. monetary policy.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 23:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.