Forex

Euro Teeters Below $1.14 as Fed Rate Decision Looms

Guavy AI Editorial Team Published July 30, 2026

Instruments

EUR USD

The euro struggled to break above the 1.1400 threshold against the U.S. dollar on Wednesday as markets remained cautious ahead of the Federal Reserve's interest rate decision.

The EUR/USD pair hovered near 1.1370, reflecting subdued risk appetite and a stronger greenback. The market is pricing in a roughly 60% chance of a rate cut by September, according to CME FedWatch data.

A hawkish stance from the Fed could provide further support for the dollar, pushing EUR/USD lower. Conversely, any dovish hints could trigger a short-term rally in the euro.

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