The European Common Currency depreciated against the US Dollar, following the US FOMC Statement and Federal Funds Rate data release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate lost 24 pips or 0.21% right after the release. The Euro continued trading at the 0.1200 level against the US Dollar.
The Federal Reserve released the FOMC Statement, where the policymakers provided in-depth insights into the economic and financial conditions that influenced their decision to maintain the interest rate unchanged.
According to the Statement, concerns about global economic growth, inflation rate lower than the target level, and tightening financial conditions are the main reasons for pausing on the interest rate hike.
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| Date | 26.09.18 | 08.11.18 | 19.12.18 | 30.01.19 | 01.05.19 |
|---|---|---|---|---|---|
| Actual | 2.3% | 2.3% | 2.5% | 2.5% | 2.5% |
| Forecast | 2.3% | 2.3% | 2.5% | 2.5% | 2.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70477 | 0.70432 | -0.06% |
| EUR/USD | 1.12469 | 1.1242 | -0.04% |
| NZD/USD | 0.66599 | 0.66553 | -0.07% |
| USD/JPY | 111.15 | 111.253 | 0.09% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.5% | 29.6% |
| EUR/USD | 31.9% | 68.1% |
| NZD/USD | 65.1% | 35.0% |
| USD/JPY | 45.1% | 54.9% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | Services PMI | 50.4 | 48.9 |
| 9:00 | EUR | Core CPI Flash Estimate y/y | 1.0% | 0.8% |
| 12:30 | USD | Non-Farm Employment Change | 181K | 196K |