EUR/USD is trading in a narrow range, currently hovering around 1.1640 as investors adopt a cautious stance ahead of the Federal Reserve's meeting on Wednesday. Market participants are closely monitoring the potential implications of a Fed rate cut, which could significantly impact the exchange rate between the Euro and the U.S. dollar.
With the uncertainty surrounding Jerome Powell's forthcoming remarks, traders are refraining from making substantial moves. The stability in this currency pair suggests a wait-and-see approach as the market anticipates clues regarding future monetary policy direction. The outcome of the Fed meeting could set the tone for trading in the USD and EUR in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 17:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.