EUR/USD Struggles Near One-Month Low Ahead of Expected US Interest Rate Hike

The EUR/USD pair is experiencing its fifth consecutive day of losses, trading near the 1.1535-1.1530 area during the Asian session on Wednesday.

This negative bias is due to the market's anticipation of the Federal Reserve's (Fed) decision on interest rates, with a 25-basis-point hike widely expected.

The Fed's policy meeting will also provide updated economic projections, which will be scrutinized for clues about future rate decisions and their impact on the US Dollar (USD).

Rising energy prices have increased inflation risks, leading to prospects of further policy tightening by the Fed, which is underpinning the USD and exerting pressure on the EUR/USD pair.