EUR/USD Stalls Near 1.1400 as Energy Prices Fuel Fed Hawkish Bets
The euro remains around 1.1400 against the dollar as high energy costs strengthen expectations of a more aggressive Federal Reserve.
EURUSD
The EUR/USD pair is consolidating near the 1.1400 level late on Wednesday, edging up just 0.08% on the day. Despite an overall weaker US dollar, the shared currency struggles to capitalize on the greenback's softness.
High energy prices continue to stoke hawkish bets on the Federal Reserve, limiting euro upside. Traders are closely watching inflation data and central bank commentary for direction.
Source: FXStreet Forex News