EUR/USD: US Federal Funds Rate

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Source: Dukascopy Bank SA

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The European Single Currency appreciated against the US Dollar, following the US Federal Funds Rate release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 22 pips or 0.19% during a minute, right after the release. In the next minutes the rate was trading at the 1.1760

The Federal Reserve released the US Federal Funds that came out in line with expectations of <2.25%.

"The committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labour market conditions and inflation near the committee's symmetric 2 per cent objective," the statement said, repeating previous language.

Historical Data Table: Federal Funds Rate  Economic Calendar for 01.10.2018
           
Date 20.09.2017 01.11.2017 13.12.2017 31.01.2018 26.09.2018 8:30 AM UK Manufacturing PMI
Actual <1.25% <1.25% <1.50% <1.50% <2.25% 14:00 PM US ISM Manufacturing PMI
Forecast <1.25% <1.25% <1.50% <1.50% <2.25% Tentative NZD NZIER Business Confidence
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.72595 0.72718 0.17% AUD/USD 69.37% 30.63%
EUR/USD 1.17649 1.17731 0.07% EUR/USD 55.28% 44.72%
USD/JPY 112.897 112.958 0.05% USD/JPY 32.27% 67.73%
NZD/USD 0.66565 0.66656 0.14% NZD/USD 63.21% 36.79%

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