EUR/USD Forecast: Euro Near Seven-Week Low as Hawkish Fed Lifts US Dollar

Summary:EUR/USD trades near 1.1470 after the Federal Reserve's first interest rate hike in more than three years strengthened the US Dollar. The Fed raised rates by 25 basis points to 3.75%-4.00% and signalled that further tightening may be needed as inflation remains elevated.

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Source: InvestingCube

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Category Forex

Source InvestingCube

Published 5 days ago

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News ID #18,304

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