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Euro rises despite Fed hawkish hold, eyes on Warsh’s speech
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FXStreet Forex & Commodities News
The shared currency surged after the Federal Reserve (Fed) kept rates steady by a 9 to 3 vote.
Three dissenters supported a 25-basis-point rate hike.
EUR/USD trades choppily above 1.1400 after the Fed held ratesThe Fed observed that economic activity continues to grow solidly despite high uncertainty caused by the Middle East conflict.
Dissenting voices included the Cleveland Fed's Beth Hammack, the Minneapolis Fed's Neel Kashkari, and the Dallas Fed's Lorie Logan, who supported a 25-basis-point rate increase.
EUR/USD Hourly chartEUR/USD hourly chart