Euro Falls Below Key Threshold Amid Fed Policy Signals

The euro fell below $1.1600 against the US dollar on Wednesday, as markets adjusted their expectations for Federal Reserve policy.

This move extends the greenback's recent rally, driven by expectations that the Fed will maintain higher interest rates for longer.

Fed Governor Kevin Warsh, a former governor known for his hawkish leanings, suggested that the central bank should not rush to cut rates until it sees clearer evidence of inflation moving towards 2%.