The EUR/USD pair has calmed some of its worries about the stock market.
The main currency pair was slightly lower than its previous levels on Wednesday. The current exchange rate for EUR/USD is 1.0690.
The instrument's decline has continued for the third day in a row, with sales being minimal.
The stabilization of the US dollar began when certain Federal Reserve officials made comments in their speeches, indicating that the Fed is considering potential interest rate hikes. A speech by Fed chair Jerome Powell is scheduled for this evening, during which he is expected to provide further insights into the central bank's future monetary policy.
Markets continue to speculate on whether the Fed’s interest rate has reached its peak or if this is just a temporary pause. While just a week ago, investors had a unanimous view on the maximum interest rate, now, after some time has passed, the market's certainty has diminished.
According to CME FedWatch, the market anticipates a 15% probability of an interest rate increase by January, with a 22% chance of the first interest reduction in March.