The EUR/USD reached a bottom at 1.0521, matching the previous week's lows. Market participants perceived the European Central Bank (ECB) as adopting a
Euro weakened after the ECB meeting, as markets saw no change ahead. US Dollar lost momentum during the American session despite upbeat US growth data. The EUR/USD managed to remain above the 1.0530 support area. more dovish stance, while the US Dollar failed to benefit from better-than-expected US growth data. As expected, the ECB kept its policy unchanged on Thursday, with a unanimous decision. This marked the first pause since mid-2022. Market analysts view the 4.
On the employment front, Continuing Claims jumped to 1.79 million, the highest in months. These numbers indicate that the US economy remains robust. The US Dollar failed to benefit from the positive GDP data as US Treasury yields reversed and turned lower during the American session, boosting the rebound in EUR/USD. The fundamental factors continue to favor the US Dollar, and while it may not fuel further gains, it could limit the declines. On Friday, the monthly US Core PCE will be relevant.
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