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fxJun 19, 2026, 3:14 PM

EUR/USD Sinks to 1.1417 After Warsh's First Fed Meeting

EUR/USD dropped to 1.1417, its lowest since March, following the first Federal Reserve meeting chaired by Kevin Warsh. The pair recovered slightly but closed below 1.1500.

EURUSD

The EUR/USD pair fell to 1.1417 during the week, its weakest level since March, as the US Dollar strengthened after the first Federal Reserve policy meeting under new Chair Kevin Warsh. The pair tried to recover on Friday but ended the week well below the 1.1500 mark.

Traders are now focusing on the implications of Warsh's leadership and any shifts in monetary policy direction suggested by the Fed's decision. The weekly close below 1.1500 underscores persistent dollar demand.

Source: FXStreet Forex News