The Euro traded sideways against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 3 pips or 0.02% after the release. The Euro continued trading at the 1.1830 level against the Greenback after the release.
The Federal Reserve released the Federal Funds Rate data, which came in line with the expectations of 0.25%.
According to the official release: "The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year. Weaker demand and significantly lower oil prices are holding down consumer price inflation. Overall financial conditions have improved in recent months, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses."
| Date | 15.03.20 | 29.04.20 | 10.06.20 | 29.07.20 | 16.09.20 |
|---|---|---|---|---|---|
| Actual | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Forecast | - | 0.25% | 0.25% | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.73087 | 0.73108 | 0.03% |
| EUR/USD | 1.18297 | 1.18276 | -0.02% |
| NZD/USD | 0.67395 | 0.67381 | -0.02% |
| USD/JPY | 104.982 | 104.986 | 0.00% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 29.4% | 70.6% |
| EUR/USD | 47.5% | 52.5% |
| NZD/USD | 25.4% | 74.6% |
| USD/JPY | 47.8% | 52.2% |
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