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fxJun 17, 2026, 12:11 AM

EUR/USD Holds Steady Near 1.1610 Ahead of Fed Decision

EUR/USD traded sideways around 1.1610 during early Asian hours on Wednesday as traders awaited the Federal Reserve's interest rate decision and US retail sales data.

EURUSD

The euro remained range-bound against the dollar on Wednesday, holding near the 1.1610 level during early Asian trading. Market participants adopted a cautious stance ahead of the US Federal Reserve's monetary policy announcement later in the day.

Also on the calendar is the release of US May retail sales figures, which could provide additional cues on the strength of the consumer sector. With both events pending, the pair saw limited movement as traders refrained from taking large positions.

Source: FXStreet Forex News