EUR/USD DRIFTS LOWER POST-FED, AWAITS US GDP DATA

EUR/USD DRIFTS LOWER POST-FED, AWAITS US GDP DATA
EUR/USD dipped slightly below 1.0400 after testing the low side but later returned to the day's opening range.
The Federal Reserve held rates steady, as expected, causing minimal movement in the market.
Market participants are now focused on upcoming US economic data, including Q4 GDP growth.
US GDP growth for Q4 is projected to decrease to 2.6% from 3.1% in Q3.
The Q4 GDP Price Index is expected to rise to 2.5%, reflecting ongoing inflationary pressures.
December’s Core Personal Consumption Expenditures Price Index (PCEPI) is set to print on Friday, with a forecasted 0.2% increase month-over-month, still above the Fed’s 2% target.