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fxJul 28, 2026, 6:06 AM

EUR/USD slumps to monthly low ahead of Fed decision

The euro dropped to around 1.1362, its weakest level this month, as the dollar strengthened on caution before the Federal Reserve's policy announcement.

EURUSD

The euro extended its decline against the US dollar on Tuesday, hitting a fresh monthly low near 1.1362 during early European trading. The move reflects broad dollar demand as markets await the Federal Reserve’s latest monetary policy decision.

Traders are adopting a cautious stance ahead of the announcement, which has supported the greenback and pressured the shared currency. The level marks the pair’s weakest point in recent weeks, with the euro unable to find support.

Source: FXStreet Forex News