Anna 
The EUR/USD pair demonstrated a robust performance throughout the month of November, prompting economists at Société Générale to delve into the potential trajectory of the currency pair.
A significant factor influencing the short-term outlook of EUR/USD revolves around the reaction of U.S. bond yields to the upcoming U.S. Consumer Price Index (CPI) and retail sales data. The performance of these indicators is poised to play a pivotal role in shaping the near-term direction of the pair.
The euro found support in the tightening 10-year U.S. Treasury/German Bund yield spread, which has dipped below the 200 basis points threshold, coupled with a 2-year U.S./EU forward spread.
Of notable significance is the seasonal bullish trend typically observed in December, adding weight to the argument against dismissing the possibility of further gains for the EUR/USD pair before the year concludes.
Investors and analysts are keenly monitoring these factors as they navigate the intricate dynamics influencing the pair’s movements in the coming weeks.
