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EUR/USD. Price Analysis. Forecast. The EUR/USD pair is recovering amid the overall weakening of the US dollar
On Thursday, during the North American
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On Thursday, during the North American session, the euro was strengthening against the US dollar, supported by the broader dollar weakness, as traders ignore positive US economic data. At the time of writing, the EUR/USD pair has fully recovered from the previous day's losses.Recent US economic data indicate stable inflation and resilient growth. Core consumer spending for the third quarter increased by 2.9%, matching expectations and the previous quarter's result, while year-on-year GDP for the same period accelerated to 4.4%
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