The forex market reacted sharply this week following Federal Reserve Chair Jerome Powell's announcement that the central bank had received grand jury subpoenas. This unexpected news sent ripples through trading floors, influencing the USD's performance against major currency pairs. As investors grapple with the implications, the EUR/USD exchange rate saw heightened volatility, with the pair fluctuating around 1.0850, reflecting market uncertainty.
Traders are closely monitoring the situation, as the subpoenas could lead to increased scrutiny of the Fed's policies. The USD has faced downward pressure, causing investors to reassess their positions ahead of upcoming economic data releases. The market's reaction underscores the sensitivity of currency trading to regulatory developments, with further movement anticipated as more details emerge concerning the Fed's legal challenges.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 14:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.