Euro Consolidates Near Four-Week High Above 1.1450 Amid Mixed Fed Signals

The euro is trading in a narrow range near a four-week peak against the U.S. dollar, with EUR/USD hovering above the 1.1450 mark in Asian hours on Thursday. The pair is taking a breather after rallying over the past two sessions to its strongest level since June.

Traders are weighing mixed signals from the Federal Reserve alongside ongoing geopolitical developments. The pullback in the dollar has been driven by expectations that the Fed may slow its pace of tightening, though hawkish comments from some policymakers have capped further euro gains. The euro’s upside also faces resistance from the ongoing Ukraine crisis and its impact on the European economy.