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fxJul 22, 2026, 12:31 AM

Euro Holds Gains Above 1.1400 on Hawkish ECB Expectations

EUR/USD trades around 1.1405 during early Asian session, supported by a hawkish European Central Bank tone. Traders await the upcoming ECB interest rate decision.

EURUSD

The EUR/USD pair is holding mild gains above the 1.1400 level, trading near 1.1405 in early Asian trading on Wednesday.

A hawkish stance from the European Central Bank is providing support to the euro against the US dollar, even as US-Iran tensions persist in the background. Market participants are now focusing on the ECB's upcoming interest rate decision for further directional cues.

Source: FXStreet Forex News