EURUSD dives below 1.11 after the Fed decision

The FOMC decided to cut interest rates by 25 bps at the July meeting and end a program of balance sheet reduction. However, markets were seeing a small chance for even more action in terms of 50 bps cut. Meanwhile, 2 members preferred no cut at all, suggesting possibly less space for future cuts. EURUSD sunk below 1.11 and gold prices slid as a result. Fed’s Powell conference will begin at 7:30pm BST.

16 June 2026, 14:56

US OPEN: SpaceX pushes Amazon off the TOP 5 podium. Wall Street awaits Warsh's debut

16 June 2026, 14:22

Nasdaq near record high 🔼 Is a double top forming?

16 June 2026, 11:33

European stocks on the rise again 🔼 EU50 near record high

16 June 2026, 10:16

Oil prices fall, and stocks benefit from peace dividend, as SpaceX is still flying high

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