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EUR/USD Logs Biggest Daily Loss in 15 Months

M. Ali 17 June, 2021 1:40 am Forex Market, Market Update

The Euro (EUR) declined against the U.S. Dollar (USD) on Wednesday, following the U.S. Federal Reserve’s policy meeting, in which the central bank decided to maintain its current policy, expecting rising inflation and seeing two rate hikes in 2023.

Today, the EUR/USD pair lost about 1.08%, falling below 1.2 and reaching the 1.1997 level, its lowest level for an American session since mid-April.

This marked the first loss for EUR/USD in three sessions and the largest daily decline for the pair since March 19, 2020.

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