EUR/USD: FOMC Meeting Minutes

The European Common Currency depreciated against the US Dollar, following the FOMC Meeting Minutes data releases on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost 14 pips or 0.13% right after the release. The Euro continued trading at the 1.1096 level against the Greenback.

The Federal Reserve released the FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and financial conditions that influence their vote on where to set interest rates.

According to the release, the US policymakers were divided over the opinion whether to cut interest rate. However, they were united to show that the Fed was not on a path to more cuts. Also, a "couple" of policymakers offered a deeper rate cut to help boost inflation.