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EUR/USD slides on FOMC minutes
Thursday, 9 January 2025 17:56 WIB | EUR/USD |EuroDolar

EUR/USD moved lower below 1.0300 but remained within Wednesday's trading range in the European session on Thursday.

The major currency pair faced pressure as the US Dollar (USD) moved higher, with the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, aiming to revisit a two-year high of 109.53.

The US Dollar strengthened as the Federal Open Market Committee (FOMC) minutes for its December policy meeting suggested that policymakers were cautious about further policy easing as progress in the disinflationary trend has stalled.

Source: FXStreet

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