Fed Bond-Buying Plan Puts Euro on Path to 1.1800
The EUR/USD currency pair is on track to test the 1.1800 level following reports that the Federal Reserve may double its bond-buying program.
This move would increase dollar supply and pressure the greenback, making it more attractive for investors to buy euros.
A doubling of the current monthly purchase pace would mark a notable policy shift, potentially accelerating the dollar's decline.