Bearish
EUR/USD drops to 1.1362 ahead of Fed's rate decision
EUR/USD declined to a monthly low of 1.1362 on July 28, 2026, as investors anticipated the Federal Reserve's upcoming interest rate decision. The U.S. dollar strengthened amid expectations of a potential rate hike, with markets pricing in nearly a 40% chance of an increase.
Key points
- EUR/USD fell to 1.1362, its lowest point in July, as traders awaited the Fed's decision.
- The U.S. dollar held near a five-week high, with markets anticipating a hawkish Federal Reserve meeting.
- The euro remained below key resistance levels, leaving sellers in control unless buyers reclaim the $1.1409 level.
Sources
- Sterling today: Pound slips as dollar bid builds into Fed decisionInvesting.com · July 28, 2026
- Dollar holds near recent high as markets await Fed decisionMarketScreener Canada · July 28, 2026
- US Dollar Price Forecast: Fed, GDP and PCE Data in Focus – What’s Next for DXY, GBP/USD and EUR/USD?FXEmpire · July 28, 2026
AI-generated from public news sources. Not financial advice.
