EUR/USD Eyes Fed Path as Dovish Minutes Reverberate
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Dovish tones from the latest FOMC minutes have kept EUR/USD buoyant, as markets recalibrate expectations for the Fed's next moves. The pair has drawn support from reduced conviction in further near-term tightening.
Attention now shifts to the core PCE data, the Fed's preferred inflation gauge, which will help confirm whether the dovish shift in tone translates into a genuinely softer policy trajectory.
Separately, political noise around Fed governance adds a layer of uncertainty, though its direct market impact on EUR/USD has so far been limited compared to the inflation and rates narrative.