The EUR/USD currency pair dropped to a new yearly low, falling below the 1.1600 mark on Thursday. This decline was driven by robust economic data from the US, which bolstered demand for the US Dollar. As traders reacted to the positive indicators, the dollar's strength overshadowed any attempts by the Eurozone data to support the Euro.
Additionally, market sentiment was influenced by former President Trump easing his rhetoric regarding Iran, which contributed to a more optimistic trading environment. As the exchange rate continues to trend downward, the implications for EUR/USD traders could lead to heightened volatility and a reassessment of positions in response to ongoing economic developments.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 22:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.