Euro holds modest gains above 1.1400 vs USD as Mideast tensions cap
The post Euro holds modest gains above 1.1400 vs USD as Mideast tensions cap appeared on BitcoinEthereumNews.com. The EUR/USD pair attracts some buyers for the second straight day, though it lacks follow-through and remains confined within the previous day’s range during the Asian session on Thursday. Spot prices currently trade around the 1.1420 area, up less than 0.10% for the day, and remain at the mercy of the US Dollar (USD) price dynamics. The USD Index (DXY), which tracks the Greenback against a basket of currencies, remains on the defensive below the weekly top, touched on Wednesday, amid reduced expectations for Federal Reserve (Fed) rate hikes. Against the backdrop of last week’s soft US Nonfarm Payrolls (NFP) report, the Minutes of the June 16-17 FOMC meeting revealed that policymakers noted high uncertainty about the outlook on interest rates. However, Fed officials indicated that some policy firming would likely be warranted to return inflation to 2%. According to the CME