Euro glides off 2-year peak as eyes fixed on Fed

Euro tilted lower for the second straight session away from the highest since August 24, 2015, following earlier data from the US, and amid a lack thereof from the euro zone, while investors await the Federal Reserve's policy decisions later today. 

As of 04:19 GMT, EUR/USD fell 0.15% to 1.1629 from the opening of 1.1647, with an intraday low at 1.1613. and a high at 1.1656. 

European Commission president Jean-Claude Juncker commented on the new US bill imposing sanctions on Russia, mentioning that Europe can protect its own interests, and the US bill will be countered rigorously, adding Europe is ready to act within days if its concerns weren't considered properly, and expressing European concerns on energy.  

Otherwise, the Commissioner for Economic and Monetary Affairs and the Euro Valdis Dombrovskis said more reforms are needed in Greece as bond yields improved, while expressing his confidence that Greece will carry on the reform program, especially the crucial legislative reforms.  

From the US, earlier data showed new home sales rose below expectations in June, while later today, the Federal Reserve is expected to maintain overnight interest rates at between 1% and 1.25% in its periodic policy meeting in Washington, as investors look for clues regarding the plan to trim down the bank's massive $4.5 trillion balance sheet.