The EUR/USD currency pair remained steady near its monthly low, trading just above the 1.1350 level during the Asian session on Tuesday. Market participants are awaiting the conclusion of the two-day Federal Open Market Committee (FOMC) policy meeting, which is expected to influence the US dollar's direction.
According to FX Street, the pair is consolidating around the mid-1.1300s, reflecting cautious sentiment as traders position themselves ahead of potential shifts in US monetary policy. The USD's performance in this period is critical, given its impact on global currency markets.
For Japanese investors, monitoring the EUR/USD movement is essential, as fluctuations in major currency pairs can affect export competitiveness and cross-border investment flows amid ongoing global economic uncertainties.