Euro Stagnant as Fed Decision Looms, ECB Rate Hikes Expected

The euro remains near its weakest level in a month, hovering around $1.155 as investors await the Federal Reserve's decision on interest rates.

US policymakers are widely expected to raise interest rates by 25 basis points, marking the first hike in three years, with markets looking for guidance on potential further tightening.

The European Central Bank (ECB) has increased bets on further rate hikes amid renewed inflation concerns, with investors now pricing the ECB deposit rate at around 2.9% by December, up from the current 2.5%