Open Demo Account
Home / Market Update / Forex Market / EUR/USD Logs Biggest Daily Loss in 15 Months

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.

Tags

Check Also

Waller Says Swift War Resolution Could Support Labor Market and Rate Cuts

Federal Reserve Governor Christopher Waller has become a key voice in explaining how global conflict …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends