EUR/USD: US FOMC Meeting Minutes

Source: Dukascopy Bank SA

The European Single Currency depreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 34 pips or 0.30% during a minute, right after the release. The European Single Currency continued trading at the 1.1370 area against the US Dollar.

The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

The key highlight from the official statement, "Fed raises target interest rate to 2.25-2.50 pct, reduces expected hikes for 2019 to two from three."

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Historical Data Table: FOMC Meeting Minutes Economic Calendar for 21.12.2018
           
Date 13.06.2018 01.08.2018 26.09.2018 08.11.2018 19.12.2018 9:30 AM UK Current Account
Actual 2.00% 2.00% 2.25% 2.25% 2.50% 13:30 PM CAD GDP and Core Retail Sales
Forecast 2.00% 2.00% 2.25% 2.25% 2.50% 13:30 PM US Durable Goods Orders and the Final GDP
           
Initial Reaction on Main Pairs Open Position Proportions on 20.12.2018
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.71685 0.71494 -0.27% AUD/USD 62.47% 37.53%
EUR/USD 1.14297 1.1403 -0.23% EUR/USD 25.61% 74.39%
USD/JPY 112.223 112.343 0.11% USD/JPY 43.44% 56.56%
NZD/USD 0.68504 0.6833 -0.25% NZD/USD 72.55% 27.45%

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