{"id":19079,"date":"2023-03-23T19:52:41","date_gmt":"2023-03-23T19:52:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eur-usd-hits-6-week-high-as-greenback-weakens-following-fed-hike-markets-and-prices-bitcoin-news\/"},"modified":"2023-03-23T19:52:41","modified_gmt":"2023-03-23T19:52:41","slug":"eur-usd-hits-6-week-high-as-greenback-weakens-following-fed-hike-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eur-usd-hits-6-week-high-as-greenback-weakens-following-fed-hike-markets-and-prices-bitcoin-news\/","title":{"rendered":"EUR\/USD Hits 6-Week High, as Greenback Weakens Following Fed Hike \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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EUR\/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserve\u2019s 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound.<\/strong><\/p>\n

EUR\/USD<\/h2>\n

On Thursday, the world\u2019s most traded currency pair rose for a sixth straight session, as markets continued to digest yesterday\u2019s rate hike.<\/p>\n

The Federal Reserve opted to increase rates by 0.25%, despite recent uncertainty in the banking sector.<\/p>\n

Following the announcement, Fed Chair Jerome Powell stated that \u201cFOMC participants don\u2019t see rate cuts this year, it is not our baseline expectations.\u201d<\/p>\n

\"EUR\/USD
EUR\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Overall, it appears that lowering inflation remains the priority for the Fed, with the U.S. Treasury exploring ways to guarantee client deposits should any further banks face liquidity issues.<\/p>\n

EUR\/USD rose to an intraday high of $1.0929 in today\u2019s session, which is its highest rate since February 3.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Do you expect EUR\/USD to move lower in the coming days? Leave your thoughts in the comments below.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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