## EUR/USD Pair Falls to New Lows: Strong Dollar and Weak Euro Sentiment
The EUR/USD pair declined significantly on Wednesday, dropping by 0.66% to trade at 1.1738, after opening the session at 1.1819. This decline comes following Federal Reserve Chair Jerome Powell's comments showing caution regarding rushing to cut interest rates, which boosted demand for the US dollar.
## US Economic Data Supports the Dollar Amid Expectations of Limited Cuts
US housing data showed a noticeable improvement, with new home sales in August rising by over 20%, from 0.664 million to 0.8 million units, surpassing
View OriginalThe EUR/USD pair declined significantly on Wednesday, dropping by 0.66% to trade at 1.1738, after opening the session at 1.1819. This decline comes following Federal Reserve Chair Jerome Powell's comments showing caution regarding rushing to cut interest rates, which boosted demand for the US dollar.
## US Economic Data Supports the Dollar Amid Expectations of Limited Cuts
US housing data showed a noticeable improvement, with new home sales in August rising by over 20%, from 0.664 million to 0.8 million units, surpassing