EUR/USD clings to 1.1600 despite weekly pullback on trimmed Fed Cut bets

The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the 1.1600 figure, paving the way for further upside.

Published by: Daniel Carter's avatar Daniel Carter