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Euro Weakens as Fed Holds Rates Amid Economic Uncertainty

3/20/2025

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Summary

Story summary

EUR/USD drops to approximately 1.0830 as ECB President Lagarde highlights Eurozone growth risks due to US tariffs.
The Fed holds interest rates steady at 4.25%-4.50% and anticipates two rate cuts in 2025 amid economic uncertainty.
USD/JPY climbs to around 149.00 following a stronger US Dollar after the Fed's policy announcement.
Initial Jobless Claims hold steady at 223K, matching expectations.

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Story summary

EUR/USD drops to approximately 1.0830 as ECB President Lagarde highlights Eurozone growth risks due to US tariffs.
The Fed holds interest rates steady at 4.25%-4.50% and anticipates two rate cuts in 2025 amid economic uncertainty.
USD/JPY climbs to around 149.00 following a stronger US Dollar after the Fed's policy announcement.
Initial Jobless Claims hold steady at 223K, matching expectations.