Maroc - FINANCIALMIRROR.COM - A La Une - 27/12/2024 11:19

Euro-dollar in tight range in holiday-shortened week

EURUSD trades in a narrow range around 1.0400 in Friday’s European session amid thin trading as market participants stay on the sidelines due to the Christmas holiday. The pair struggles for direction while the US Dollar ticks higher on firm expectations that the Federal Reserve will follow a gradual policy-easing path as inflation has rebounded slightly in the last three months. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, remains above the crucial support of 108.00. The performance of the USD has remained upbeat in the last few months in part by expectations of firm