The Greenback strengthened again the European single currency, following US Federal Funds Rate announcement. The EUR/USD currency pair lost six pips, or negative 0.06%, continue fluctuating in the 1.1670 area.
The US Federal Reserve announcement Interest Rates that came in line with expectation of <2.00% and the actual rate of <2.00% .
James McCann, senior global economist at Aberdeen Standard Investments says: The Fed "has already attracted the ire of the president for raising rates. This political interference is clearly unhelpful but may return as September approaches. I can't see Trump's tweets making [Fed Chairman Jerome] Powell change his course but it will be a test of his mettle to navigate the minefield of questions he'll inevitably get."
| Historical Data Table: Federal Funds Rate | Economic Calendar for 03.08.2018 | ||||||||
| Date | 31.01.2018 | 21.03.2018 | 02.05.2018 | 13.06.2018 | 01.08.2018 | 12:30 PM | US Average Hourly Earnings |
||
| Actual | <1.50% | <1.75% | <1.75% | <2.00% | <2.00% | 12:30 PM | US Non-Farm Employment Change | ||
| Forecast | <1.50% | <1.75% | <1.75% | <2.00% | <2.00% | 12:30 PM | US Unemployment Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.73986 | 0.73977 | -0.01% | AUD/USD | 67.12% | 32.88% | |||
| EUR/USD | 1.16671 | 1.16647 | -0.02% | EUR/USD | 27.58% | 72.42% | |||
| USD/JPY | 111.657 | 111.672 | 0.01% | USD/JPY | 71.43% | 28.57% | |||
| NZD/USD | 0.67904 | 0.67889 | -0.02% | NZD/USD | 57.27% | 42.73% | |||