EUR/USD: US FOMC Meeting Minutes

Source: Dukascopy Bank SA

The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate gained 22 pips or 0.19% during a minute, right after the release. The European Single Currency continued trading at the 1.1535 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 meeting summary stated, "With an increase in the target range at this meeting, the federal funds rate would be at or close to the lower end of the range of estimates of the longer-run neutral interest rate, and participants expressed that recent developments, including the volatility in financial markets and the increased concerns about global growth, made the appropriate extent and timing of future policy firming less clear than earlier."

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Historical Data Table: FOMC Meeting Minutes  Economic Calendar for 11.01.2019
           
Date 01.08.2018 26.09.2018 08.11.2018 19.12.2018 09.01.2019 12:30 AM AUD Retail Sales m/m
Actual - - - - - 9:30 AM UK GDP m/m
Forecast - - - - - 13:30 PM US CPI m/m
           
Initial Reaction on Main Pairs Open Position Proportions on 10.01.2019
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.71824 0.7189 0.09% AUD/USD 59.07% 40.93%
EUR/USD 1.15362 1.155 0.12% EUR/USD 26.11% 73.89%
USD/JPY 108.266 108.165 -0.09% USD/JPY 57.18% 42.82%
NZD/USD 0.68012 0.68069 0.08% NZD/USD 56.19% 43.81%

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