EUR/USD struggled to maintain its recent upside impulse on Tuesday, coming under fresh selling pressure soon after a failed attempt to regain the area above the 1.0600 mark following two daily advances in a row.
EUR/USD’s recovery seems to have stalled around the 1.0600 region. The resurgence of the geopolitical factor lent support to the US Dollar. The final HICP in the euro area hit the ECB ’s target in October. The daily drop in spot came amid humble gains in the US Dollar , which was reinforced by the resumption of geopolitical jitters and the flight-to-safety environment. That said, the Dollar Index hovered around the 106.
25% in October but has since adopted a wait-and-see approach, holding off on additional rate adjustments until more data becomes available. Looking ahead, any new trade policies from the Trump administration, such as tariffs on European or Chinese goods, could reignite inflationary pressures in the US. If the Fed maintains a cautious or even hawkish stance in response, the US Dollar could find renewed support.
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