EUR/USD holds losses below 1.1550 as Fed rate cut bets decrease
The post EUR/USD holds losses below 1.1550 as Fed rate cut bets decrease appeared on BitcoinEthereumNews.com.
EUR/USD edges lower and continues its losing streak for the fourth successive session, trading around 1.1530 during the Asian hours on Monday. The pair remains subdued as the US Dollar (USD) receives support from dampening expectations for a December rate cut by the US Federal Reserve (Fed), following the central bank’s decision to lower its benchmark overnight borrowing rate for the second time this year to a range of 3.75%-4.0%. Fed Chair Jerome Powell said during the post-meeting press conference that another rate cut in December is far from certain. Powell also cautioned that policymakers may need to take a wait-and-see approach until official data reporting resumes. Fed funds futures traders are now pricing in a 69% chance of a cut in December, down from 93% a week ago, according to the CME FedWatch Tool. However, traders may adopt caution due to the prolonged government shutdown, which could fuel economic concerns in the United States (US). The US government impasse has now entered its sixth week with no easy endgame in sight amid a deadlock in Congress on the Republican-backed funding bill. European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the central bank is in a good position following the October policy decision. However, Villeroy added that this position is not a fixed one. “In view of various risks, including from the financial markets, we must maintain full optionality to act as necessary,” he said, adding that agile pragmatisim based on data and forecasts will be required at their next meetings, more than ever. ECB policymaker and Governor of the Central Bank of Latvia, Martins Kazaks, said that risks to inflation and growth in the Eurozone are more balanced. ECB will move when needed, but shouldn’t be jumpy, Kazaks added. Euro FAQs The Euro is…
Filed under: News - @ November 3, 2025 1:22 am