Immediately after the event, the Euro traded sideways against the US Dollar, following the FOMC Meeting Minutes release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 2 pips or 0.01%.
Afterwards, the release caused significant drop of the EUR/USD currency pair. The pair lost 0.97%.
Federal Reserve released the FOMC Meeting Minutes, where the US policymakers revealed their decisions on current monetary policy.
According to the official release, the Federal Open Market Committee and the Board of Governors discussed the need to ease monetary policy to support the US economy.
| Date | 19.02.20 | 08.04.20 | 20.05.20 | 01.07.20 | 20.08.20 |
|---|---|---|---|---|---|
| Actual | - | - | - | - | - |
| Forecast | - | - | - | - | - |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.72312 | 0.72239 | -0.10% |
| EUR/USD | 1.18822 | 1.18715 | -0.09% |
| NZD/USD | 0.66073 | 0.66 | -0.11% |
| USD/JPY | 105.703 | 105.734 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 31.4% | 68.6% |
| EUR/USD | 33.3% | 66.7% |
| NZD/USD | 59.9% | 40.2% |
| USD/JPY | 47.1% | 52.9% |
Economic calendar