NEWS | 05/07/2025 07:01:11 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD meets support near 1.1300 post-Powell
EUR/USD slipped toward the 1.1300 level on Wednesday, pressured by a rebound in the US Dollar after the Federal Reserve held rates steady and Chair Jerome Powell delivered a broadly neutral message during his post-meeting press conference.
GBP/USD challenges 1.3300 on USD strength
GBP/USD came under renewed pressure on Wednesday, retreating toward the 1.3300 level as the US Dollar strengthened following Fed Chair Jerome Powell’s post-meeting remarks.
Gold deflates to daily lows near $3,360
Gold prices pulled back on Wednesday, falling to daily lows near the $3,360 mark as a stronger US Dollar and confirmation of upcoming US-China trade talks dampened demand for the safe-haven metal.
FOMC’s holding pattern continues
As universally expected, the Federal Open Market Committee (FOMC) decided at the conclusion of its meeting today to keep the target range for the federal funds rate unchanged at 4.25%-4.50%.
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