28 Aug 2025
EUR/USD ticks up to near 1.1650, French risks might cap upside
EUR/USD edges up to near 1.1650 as the US Dollar faces selling pressure.
Fed’s Williams supported the need to look at economic data before getting confident on interest rate cuts in September.
Opposition parties in France are unlikely to support PM Bayrou’s confidence vote.
The EUR/USD pair edges higher to near 1.1650 during the Asian trading session on Thursday. The major currency pair gains marginally as the US Dollar (USD) faces selling pressure, following dovish remarks on interest rates from New York Federal Reserve (Fed) Bank President John Williams in an interview with CNBC on Wednesday.
During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.12% lower to near 98.00.
