The US dollar is enjoying a strong position in the foreign exchange market, thanks to the US economy’s exceptional performance. The EUR/USD and USD/JPY currency pairs are reflecting this trend. The US dollar’s strength is being fueled by the country’s robust economic growth and resilience compared to other major economies. Investors are drawn to the US dollar as a safe-haven currency, given the uncertainties in the global economic landscape. As a result, the EUR/USD and USD/JPY pairs are seeing the US dollar outperforming its counterparts. This trend is expected to continue as long as the US economy maintains its exceptional performance.
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