EUR/USD Rallies as US Dollar Declines and Economic Data Looms
EUR/USD has jumped to near 1.0530 in the European session today. This increase comes as the US Dollar declines ahead of important economic data releases. Traders are watching for key indicators, including PCE, Durable Goods Orders, and Personal Spending data for October, along with revised Q3 GDP growth estimates and last week’s Initial Jobless Claims data. The results may provide critical insights into future currency movements.
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