Euro Could Extend Losses on Fed Decision, Iran War -- Market Talk

Dow Jones15:30

0730 GMT - The Federal Reserve's decision later and ongoing U.S.-Iran tensions could extend the euro's current losses against the dollar, ING's Francesco Pesole says in a note. Markets remain inclined to buy the euro when it falls below $1.17, which has emerged a key benchmark level for sentiment on the Middle East among foreign exchange investors, he says. The euro could see a more decisive break below that level if the Fed leans in favor of tight monetary policy, risk sentiment is poor and there is a lack of progress towards reopening the Strait of Hormuz, he says. The Fed announces its decision at 1800 GMT. The euro falls 0.1% to $1.1705. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

April 29, 2026 03:30 ET (07:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment