EUR/USD Soars on Fed Minutes Suggesting Interest Rate Hike Delay

The EUR/USD currency pair has maintained its strong momentum following the release of the Federal Reserve's minutes.

The minutes, which detail the discussions and decisions made by the Fed during their recent meeting, showed that policymakers are still concerned about inflation and the labor market.

As a result, traders are speculating that the Fed may not raise interest rates as soon as they previously thought, which is supporting the euro against the US dollar.