NEWS | 05/08/2025 07:30:41 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD holds losses below 1.1300 as US Dollar finds demand
EUR/USD is back in the red below 1.1300 in European trading on Thursday due to theemergence of fresh US Dollar buying. Hopes of US trade deals with China and the UK lift the sentiment around the Greenback, exerting downward pressure on the pair. Trump’s speech at 14 GMT is awaited.
Gold price off session’s low on Thursday ahead of trade deal announcement
Gold adds to the prior’s day correction, slipping less than 1% to $3,343 at the time of writing on Thursday as risk sentiment improved, withUnited States President Donald Trump expected to announce a trade deal agreement with the United Kingdom (UK) at a news conference at 14:00 GMT in Washington
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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