EUR/USD Dips as Fed Holds Rates Steady Amid Hawkish Sentiment

The EUR/USD pair is trading at around 1.1465 as the US dollar edges higher against the euro on the back of a hawkish Federal Reserve rate hold.

The Fed's decision to keep interest rates unchanged in the 3.5%-3.75% range was widely expected, but Dallas Fed President Lorie Logan, Cleveland's Beth Hammack, and Minneapolis Fed chief Neel Kashkari dissented in favor of raising rates by 25 basis points.

Fed Chairman Kevin Warsh said during a press conference that the central bank won't provide hints on where rate policy is heading but will take necessary steps to meet its 2% inflation target.