Fed Governor Miran’s recent call for aggressive rate cuts has failed to sway the forex markets, as traders viewed his remarks as largely predictable. The USD remained relatively stable against major currency pairs, with the EUR/USD exchange rate hovering around 1.1200. This lack of movement suggests that traders are not overly concerned about the potential for further monetary easing from the Federal Reserve.
Market participants are focusing on upcoming economic data rather than Miran's dovish stance. The USD's resilience in the face of these comments indicates a broader sentiment that the Fed may not act as aggressively as previously anticipated. As the trading week progresses, key levels to watch include support at 1.1150 for the EUR/USD pair, which could determine future price action in the wake of economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 10:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.