EUR/USD Closes in on Year-End Gains Amid Diverging Central Bank Paths and US Dollar Weakness
EUR/USD is rising as the ECB maintains a cautious tone while the Fed signals multiple rate cuts in 2024. Weak US economic data and softer inflation reinforce dollar weakness, supporting euro gains. Traders now watch for further divergence in monetary policies and key resistance at 1.1100. #Forex #EURUSD
