EUR/USD extends its gains for the second consecutive session as the US Federal Reserve (Fed) maintained its benchmark rates at 5.5% during Wednesday's policy meeting.
EUR/USD gains ground on dovish remarks from the Federal Reserve. Fed Chair Powell underscored the persistent nature of price growth remains a significant concern. ECB’s Lagarde underscored concerns regarding lower wage inflation. EUR/USD extends its gains for the second consecutive session as the US Federal Reserve maintained its benchmark rates at 5.5% during Wednesday's policy meeting. The pair rises to near 1.0930 during the Asian trading hours on Thursday.
1% in end-2026, compared to the previous projection of 2.9%. On the European front, President of the European Central Bank , Christine Lagarde, underscored concerns regarding lower wage inflation, a factor previously emphasized by the ECB as pivotal in determining future policy decisions. Additionally, the Vice-President of the ECB, Luis de Guindos, cautioned against premature action, stating that a wait-and-see approach is warranted due to persistently high service inflation.
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