EUR/USD: FOMC Meeting Minutes

The European Common Currency traded sideways against the US Dollar, following the FOMC Meeting Minutes release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.04% after the release. The Euro continued trading at the 1.0800 level against the Greenback after the release.

The Federal Reserve released the FOMC Meeting Minutes, where the US policymakers provide in-depth insights into the economic and financial conditions that their vote on the monetary policy.

According to the official release: "The staff briefing on the first topic noted that in the current environment of low neutral rates, achieving the Committee's dual-mandate goals of maximum employment and price stability would require low policy rates frequently, regardless of the monetary policy strategy and tools chosen. Consequently, policy strategies and tools that help support a stronger economy and anchor inflation expectations at a level consistent with the Committee's objective in a low-neutral-rate environment can help promote financial stability."