Euro retreats below 1.1600 as Fed focus returns

The Euro slipped below the 1.1600 level against the US Dollar on Wednesday, erasing a portion of the gains recorded in previous sessions. The move comes as traders adopt a cautious stance prior to the Federal Reserve's upcoming policy signals.

Attention is on former Fed Governor Kevin Warsh, whose commentary is being closely watched for hints on the central bank's future direction. The broader market mood remains tentative as investors weigh the implications for monetary policy.