The US Dollar (USD) edges higher against the Euro (EUR) on a hawkish Federal Reserve (Fed) rate hold. Traders brace for the preliminary readings of the Gross Domestic Product (GDP) for the second quarter (Q2) from Germany and the Eurozone. The Fed opted to leave interest rates unchanged in the 3.5%-3.75% range at its July policy meeting on Thursday. During the press conference, Fed Chairman Kevin Warsh said that while the Fed won’t provide hints on where rate policy is heading, it will take necessary steps to meet its 2% inflation target. She notes that “the market expects at least one interest rate hike from the Fed by the end of the year and sees a chance that more could follow next year as well.”