Hello everyone! Today, the EUR/USD is being traded at levels near the weekly lows, specifically below 1.0650, during the early morning hours in Europe on Thursday. As anticipated, the Federal Reserve has maintained the current interest rates, yet they have hinted that there could be a possibility of one more rate increase before the year concludes. This news has caused the US yields to surge to their highest points in several years, consequently resulting in a stronger US Dollar.
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The US Dollar Index (DXY), which measures the Greenback's performance against six other major currencies, extends its gains and trades at a six-month high of around 105.50.
