EUR/USD rallies for third day as US debt fears grow ahead of US budget vote

  • EUR/USD extended its rally for the third consecutive day on Wednesday as the US Dollar (USD) continued to face headwinds following the credit downgrade of the United States last Friday. This, along with the vote for Trump's “One Big, Beautiful Bill,” is weighing on traders, as it will increase the national debt, which has been deemed unsustainable by Federal Reserve (Fed) Chair Jerome Powell.