EUR/USD hovers near 1.1430 as the USD hits March 2026 highs on Fed policy tightening expectations.
The EUR/USD pair traded near 1.1430 on Tuesday, extending losses as the US dollar reached its highest level since March 2026. The greenback’s rally is driven by market expectations of further monetary policy tightening by the Federal Reserve.
Prior to this, the pair had struggled to break above 1.1500, with the dollar’s strength overshadowing recent geopolitical developments. Analysts note that Fed policy signals remain the dominant factor for currency markets.
No immediate market reaction was reported beyond the pair’s decline to session lows.