Forex
EUR/USD Sinks Amid Weaker US Data, Fed Rate Hold
The EUR/USD pair is trading at $1.1475 after a modest drop in subdued volatility, remaining below its key moving averages today.
The Federal Reserve kept interest rates at 3.50%-3.75%, stabilizing US monetary policy and anchoring rate expectations, which typically constrains large currency moves by influencing capital flows.
Weaker-than-expected US economic data signals a softer growth outlook, potentially shifting sentiment around the dollar in today's trading environment.
Momentum indicators show that MACD is neutral and ADX signals a sell bias, with RSI at 37.91 accompanied by both Stoch RSI and CCI in deeply oversold territory.