On Wednesday, the EUR/USD pair remained stagnant around the 1.0800 area due to the indecisive nature of the global markets. Investors are currently waiting for the Federal Reserve's interest rate decision, which is scheduled to be released later in the evening. Although the Fed's halt in the hiking cycle is expected, there is also an anticipated 25 bps rate increase by the ECB on Thursday.
The Fed's decision was supported by another decrease in US inflation figures last month. In the pre-FOMC trade, EUR/USD traded close to the 1.0800 region, following the consolidative mood in the rest of the global assets.
The Fed's decision was supported by another decrease in US inflation figures last month. In the pre-FOMC trade, EUR/USD traded close to the 1.0800 region, following the consolidative mood in the rest of the global assets.
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