The EUR/USD currency pair is currently trading with a subdued tone, hovering around the 1.0400 mark. This comes as the pair registers fresh weekly lows, reflecting a cautious sentiment prevailing in the market. Investors are exhibiting restraint ahead of the crucial Federal Open Market Committee (FOMC) meeting scheduled for later today.
The upcoming FOMC gathering is a pivotal event, with the US central bank widely expected to maintain interest rates at their current levels. This anticipation has contributed to the hesitance observed in the market, as traders await further guidance from the central bank's decision and subsequent statements.
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