The Euro appreciated against the US Dollar, following the FOMC Statement release on Sunday at 21:00 GMT. The EUR/USD exchange currency rate gained 62 pips or 0.56% after the release. The Euro continued trading at the 1.1150 level against the Greenback after the release.
The Federal Reserve decided to cut the Federal Funds Rate to a target range of 0.00% to 0.25% at an unscheduled emergency meeting.
According to the official release: "The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial conditions have also been significantly affected. Available economic data show that the U.S. economy came into this challenging period on a strong footing. The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent."
Date | 30.10.19 | 11.12.19 | 29.01.20 | 03.03.20 | 15.03.20 |
---|---|---|---|---|---|
Actual | 1.75% | 1.75% | 1.75% | 1.25% | 0.25% |
Forecast | 1.75% | 1.75% | 1.75% | - | - |
Pair | Open | Close | Change |
---|---|---|---|
AUD/USD | 0.61524 | 0.61951 | 0.69% |
EUR/USD | 1.10779 | 1.11048 | 0.24% |
NZD/USD | 0.59972 | 0.60247 | 0.46% |
USD/JPY | 107.135 | 107.322 | 0.17% |
Pair | Longs | Shorts |
---|---|---|
AUD/USD | 73.9% | 26.1% |
EUR/USD | 28.1% | 71.9% |
NZD/USD | 72.3% | 27.7% |
USD/JPY | 62.8% | 37.2% |
Economic calendar