The EUR/USD currency pair has experienced a decline below the 1.1650 level, continuing its downward trend for the third consecutive session. As trading commenced in the Asian hours on Thursday, the exchange rate hovered around 1.1640, reflecting growing pressure on the euro amid stronger-than-expected economic data from the United States.
Analysts attribute the euro's weakness to the bolstered outlook for the Federal Reserve's monetary policy, as robust US data increases the likelihood of the Fed maintaining its current interest rates. This shift in sentiment has impacted the market dynamics, leading to increased selling of the euro against the dollar and highlighting the ongoing volatility in forex trading.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 04:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.