The EUR/USD pair exhibited range-bound trading near the 1.1400 level during the early Asian session on Thursday. Market participants are awaiting the European Central Bank’s (ECB) forthcoming interest rate decision. Federal Reserve (Fed) Chairman Jerome Powell recently cautioned that trade-related tariffs could present challenges for the U.S. central bank. The ECB is widely anticipated to reduce its key interest rate, potentially by 25 basis points, marking a continuation of accommodative monetary policy in response to global trade tensions and economic uncertainties. Concerns regarding a potential slowdown in U.S. economic growth, as highlighted by Powell, may exert downward pressure on the U.S. Dollar (USD).
