EUR/USD continues to face downward pressure, trading near monthly lows of 1.1640 as market participants await crucial US jobs data. The currency pair is on track to close the week with a 0.6% depreciation, reflecting investor uncertainty ahead of potential economic indicators that could influence the USD's strength.
The recent volatility in the exchange rate has been exacerbated by speculation surrounding former President Trump's impending decision on tariffs. Traders are closely monitoring these developments, as any shift in trade policy could significantly impact market sentiment and the relative strength of the euro against the dollar. As the data release approaches, fluctuations in the EUR/USD pair are expected, underscoring the currency market's sensitivity to economic news.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.