The EUR/USD currency pair has recorded a decline for the third consecutive day, slipping approximately 0.10% as the exchange rate reflects the strengthening of the US Dollar. This downward movement comes in the wake of robust economic data, particularly the Purchasing Managers Index (PMI) report from the Institute for Supply Management (ISM), which indicated strong growth in the US manufacturing sector.
Additionally, the positive impact of a solid jobs report has further bolstered the Greenback, enhancing its appeal among traders. As investors digest this favorable data, the USD gains traction against the EUR, prompting a reevaluation of trading strategies in the forex market. The ongoing strength of the US economy could lead to sustained pressure on the EUR/USD exchange rate in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 23:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.