Gold Research
Euro rises despite Fed hawkish hold, eyes on Warsh’s speech
The shared currency surged after the Federal Reserve (Fed) kept rates steady by a 9 to 3 vote. Three dissenters supported a 25-basis-point rate hike. The EUR/USD trades in a volatile fashion above 1.1420, up 0.3%.
The shared currency surged after the Federal Reserve (Fed) kept rates steady by a 9 to 3 vote. Three dissenters supported a 25-basis-point rate hike. The EUR/USD trades in a volatile fashion above 1.1420, up 0.3%.
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-07-29
- rates
- price_action
Topics: gold news, gold price impact, rates, price_action