The $EURUSD price has been under pressure in the past few days as the Fed and ECB hinted that high-interest rates were here to stay. Get our Forex signal here:
price pulled back slightly after the latest interest rate decision by the Fed and European Central Bank . It dropped to 1.0587, which was much lower than this month’s high of 1.0738. It remains a few points above this month’s low of 1.0460.The EUR/USD price pulled back slightly after the Fed and the ECB delivered their rates decision. The Fed decided to hike rates by 0.50% after hiking by 0.75% in the previous four meetings straight.The decision came a day after the US published encouragingdata.
The EUR/USD price also declined after the relatively hawkish statement by the ECB. As was widely expected, the European Central Bank decided to hike interest rates by 0.5% to 2%.
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