EUR/USD Crashes Below 1.15 - Fed Chair's Hawkish Stance Hammers Euro 2.71%
Key Points
- EUR/USD plummeted below 1.1500 as Jerome Powell's 'higher fo...
The EUR/USD just face-planted below 1.1500 like a tourist trying to impress locals with their wallet size - and frankly, the Euro's performance is about as impressive as ordering a croissant in broken French.
While European traders were probably enjoying their summer holidays, Jerome Powell decided to crash the party with his July Fed meeting comments. The man practically tattooed "higher for longer" on his forehead when discussing interest rates, keeping them parked in the 4.25%-4.50% range like a luxury car you can't afford to drive.
**When GDP Numbers Make Europeans Cry Into Their Espress...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.