The European Common Currency traded sideways against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 11 pips or 0.10% right after the release. The Euro continued trading at the 1.1115 level against the Greenback.
The Federal Reserve released the Federal Funds Rate data, which came out in line with the expectations of 1.75%.
Note that the Euro appreciated 43 pips or 0.38% against the US Dollar during the FOMC Press Conference. During the press conference the Fed Chair Jerome Powell said: "While low and stable inflation is certainty a good thing, inflation that runs persistently below our objective can lead to a unhealthy dynamic."
| Date | 19.06.19 | 31.07.19 | 18.09.19 | 30.10.19 | 11.12.19 |
|---|---|---|---|---|---|
| Actual | 2.5% | 2.25% | 2.00% | 1.75% | 1.75% |
| Forecast | 2.5% | 2.25% | 2.00% | 1.75% | 1.75% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.6866 | 0.68621 | -0.06% |
| EUR/USD | 1.10987 | 1.10935 | -0.05% |
| NZD/USD | 0.65735 | 0.65683 | -0.08% |
| USD/JPY | 108.699 | 108.734 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 69.1% | 30.9% |
| EUR/USD | 26.3% | 73.7% |
| NZD/USD | 42.9% | 57.1% |
| USD/JPY | 30.4% | 69.6% |
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