EUR/USD Back Above 1.1350 with Eyes on Fed

The euro rose for a second day against the dollar on Tuesday before a meeting of the U.S. Federal Reserve that may push back expectations for when U.S. interest rates will start to rise.

The Swiss franc fell after the Swiss National Bank said it was ready to intervene in the market to curb gains by the currency since it lifted its cap on the franc’s value. The franc lost 2 percent against the euro to trade as low as 1.03845.

The euro rose as much as 0.9 percent to trade at $1.13455, lifting it further from an 11-year trough of $1.1098 reached on Monday, when it became clear that Greece had voted in a new anti-bailout government.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.