EUR/USD: FOMC Meeting Minutes

The Euro traded sideways against the US Dollar, following the FOMC Meeting Minutes data release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 1 pips or 0.01% after the release. The Euro continued trading at the 1.1770 level against the Greenback after the release.

Note that the given release did not cause high volatility as it was expected.

The Federal Reserve officials were concerned that a lack of further fiscal stimulus would put at risk the US economy recovery that was moving faster than expected. Fiscal support is in jeopardy as talks have paused between the White House and congressional Democrats and may not resume before the November election.