The Euro depreciated against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 25 pips or 0.21% after the release. The Euro continued trading at the 1.2110 level against the Greenback.
The Federal Reserve released the Federal Funds Rate, which came out in line with the expectations of 0.25%.
According to the official release: "The Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses."
| Date | 29.07.20 | 16.09.20 | 05.11.20 | 16.12.20 | 28.01.21 |
|---|---|---|---|---|---|
| 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 | 0.76941 | 0.76533 | -0.53% |
| EUR/USD | 1.21217 | 1.20972 | -0.20% |
| NZD/USD | 0.71927 | 0.71539 | -0.54% |
| USD/JPY | 104.086 | 104.19 | 0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 36.1% | 63.9% |
| EUR/USD | 44.7% | 55.3% |
| NZD/USD | 32.8% | 67.2% |
| USD/JPY | 54.7% | 45.3% |
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