The EUR/USD pair continues its upward trajectory.
On Tuesday, the primary currency pair is experiencing growth, with the current EUR/USD exchange rate reaching 1.1023.
With the macroeconomic calendar mostly blank, marked only by minor reports, and ongoing Christmas celebrations in the Catholic World, markets remain relatively quiet as the week before the New Year unfolds in a tranquil manner.
On a global scale, investor sentiment leans towards risk, a favorable trend for the EUR. This positive outlook stems from expectations that both the US Federal Reserve and the European Central Bank will adopt more lenient monetary policies.
While these changes might transpire no earlier than the end of Q1 or later, the beginning of the year is expected to revolve around investors gathering indicators that support these prospects. Overall, this sentiment tends to favor the EUR over the traditionally safe US dollar.