The currency pair holds near a monthly low as investors pause ahead of the Federal Reserve’s policy decision later this week.
The EUR/USD pair remains just above 1.1350 in early Asian trading, consolidating near its lowest levels this month. Market participants are adopting a cautious stance, refraining from aggressive bets until the Federal Reserve concludes its two-day policy meeting on Wednesday.
The pair has struggled to gain momentum, reflecting broader USD strength in recent weeks. Analysts note that the Fed’s potential signals on interest rates and economic outlook will likely dictate near-term direction. Recent data showed mixed economic indicators, leaving traders uncertain about the central bank’s next moves.
No immediate market reaction was reported, as liquidity remains thin ahead of the FOMC announcement.