EUR/USD Pauses Ahead of FOMC Meeting Amid Oil Price Volatility
The EUR/USD pair is holding above 1.1350 as USD bulls pause ahead of the FOMC meeting, where investors expect the Fed to leave interest rates unchanged.
While a pause in US-Iran hostilities has led to a decline in crude oil prices and eased inflation fears, concerns about global oil supplies remain, keeping inflation risks in play and favoring USD bulls.
The Federal Reserve's decision will be closely watched for cues on its future policy path, which will influence the near-term US Dollar price dynamics and impact the EUR/USD pair.