The Euro appreciated against the US Dollar, following the FOMC Statement release on Thursday at 19:00 GMT. The EUR/USD exchange currency rate gained 27 pips or 0.23% 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 out in line with the expectations of 0.25%.
According to the official release: "The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time. In addition, over coming months the Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses."
| Date | 29.04.20 | 10.06.20 | 29.07.20 | 16.09.20 | 05.11.20 |
|---|---|---|---|---|---|
| Actual | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Forecast | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.72742 | 0.72869 | 0.17% |
| EUR/USD | 1.1812 | 1.18337 | 0.18% |
| NZD/USD | 0.67679 | 0.67771 | 0.14% |
| USD/JPY | 103.677 | 103.539 | -0.13% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 35.7% | 64.4% |
| EUR/USD | 46.0% | 54.0% |
| NZD/USD | 29.8% | 70.3% |
| USD/JPY | 64.1% | 35.9% |