EUR/USD - Overview as of 11.12.2024

Financial and commodity markets analytics


EUR/USD is trading near the 1.0523 level

remaining under the influence of Federal Reserve (Fed) and European Central Bank (ECB) rate expectations. The strengthening of the dollar is linked to forecasts of rising inflation in the US, which may slow down the Fed's rate cuts. At the same time, investors are awaiting the ECB's decision, which is likely to lead to a rate cut, putting pressure on the euro. Global markets remain cautious amid economic news from China. The volatility of EUR/USD is increasing in anticipation of key macroeconomic data that determine the dynamics of currencies in the short term.