{
  "id": 14863881,
  "title": "Euro edges lower amid reviving USD demand; holds above 1.1200 ahead of Fed's Warsh",
  "url": "https://urgent.news/2026/10/16/euro-edges-lower-amid-reviving-usd-demand-holds-above-1-1200-ahead-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T01:17:31.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-edges-lower-amid-reviving-usd-demand-holds-above-11200-ahead-of-feds-warsh-202610160117"
  },
  "original_language": "en",
  "account": "The EUR/USD currency pair experienced a slight decline during Friday's Asian trading session, moving away from its weekly peak near the 1.1240 level. Despite this, the pair continued to trade above the 1.1200 mark as investors awaited remarks from Federal Reserve Chair Kevin Warsh. Warsh's speech at the International Monetary Fund and World Bank Group Annual Meetings in Bangkok would provide additional insights into the Fed's future policy stance. Analysts have noted that expectations of at least one rate hike by the Fed this year could provide a boost to the EUR/USD pair. Recent economic data, including strong figures for US Consumer Price Index (CPI) and Producer Price Index (PPI), suggested that the Fed may raise interest rates again in December. However, economists at UOB Group were cautious, stating that the October Federal Open Market Committee (FOMC) meeting decision may be influenced by the upcoming US midterm elections and potential geopolitical risks. The Houthi group in Yemen launched a missile attack on the country's interim capital, Aden, further heightening tensions in the Middle East and potentially contributing to the strengthening of the US Dollar. As a result, the EUR/USD pair may struggle to find support, with the next key level of resistance at 1.1254 and further barriers at 1.1341 and 1.1411.",
  "summary": "The EUR/USD pair edges lower during the Asian session on Friday, retreating further from the weekly high, around the 1.1240 region, touched the previous day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD rises above $57.50 amid safe-haven demand",
        "url": "https://urgent.news/2026/10/16/silver-price-forecast-xag-usd-rises-above-57-50-amid-safe-haven-demand",
        "published": "2026-10-16T03:09:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}