EUR/USD bumped slightly higher after the Federal Reserve (Fed) released its latest rate outlook, with the US central bank citing an improvement in inflationary conditions, though targets remain unhit.
EUR/USDbumped higher after Fed acknowledged easing inflation pressures. Rate markets still see November as a likely first rate cut. US NFP Friday to provide key labor figures. EUR/USD bumped slightly higher after the Fed eral Reserve released its latest rate outlook, with the US central bank citing an improvement in inflationary conditions, though targets remain unhit and progress has slowed. The US Dollar eased broadly and risk appetite is taking a cautious step forward.
5% as forecast Markets will be awaiting key statements from the Federal Open Market Committee's press conference due to begin at 18:30 GMT, presided over by Fed Chair Jerome Powell. EUR/USD technical outlook EUR/USD found some early bidding post-Fed monetary policy report, ticking closer to 1.0700 as the pair springboards off intraday technical support from the 200-period Exponential Moving Average near 1.0675 on five-minute charts.
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