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EUR/USD Rises Despite Iran's Surprise Attacks Amid Awaited Federal Reserve Decision

Guavy AI Editorial Team
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The EUR/USD pair rose slightly on July 29th as investors awaited the Federal Reserve's interest rate decision. The pair reached a high of 1.1400, just above this week's low of 1.1353.

The upward movement was unexpected, given that Iran launched surprise attacks against US military targets in Jordan overnight, marking its first strikes since fighting paused last week.

The Federal Reserve is expected to leave interest rates unchanged between 3.50% and 3.75%, with officials signaling future rate hikes due to inflation remaining above 2% over the past five years.

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