The European Common Currency traded sideways against the US Dollar, following the FOMC Statement release on Wednesday at 19:00 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% after the release. The Euro continued trading at the 1.1006 level against the Greenback after the release.
[/ANNOUNCE]The Federal Reserve released the Federal Funds Rate data, which came out in line with the expectations of 1.75%.
According to the official release: "The Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the Committee's symmetric 2 percent objective."
| Date | 31.07.19 | 18.09.19 | 30.10.19 | 11.12.19 | 29.01.20 |
|---|---|---|---|---|---|
| Actual | 2.25% | 2.00% | 1.75% | 1.75% | 1.75% |
| Forecast | 2.25% | 2.00% | 1.75% | 1.75% | 1.75% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.67476 | 0.67465 | -0.02% |
| EUR/USD | 1.10022 | 1.10016 | -0.01% |
| NZD/USD | 0.65278 | 0.6526 | -0.03% |
| USD/JPY | 109.205 | 109.226 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 71.4% | 28.7% |
| EUR/USD | 47.3% | 52.7% |
| NZD/USD | 57.5% | 42.5% |
| USD/JPY | 26.0% | 74.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 7:15 | EUR | French Flash Services PMI | 53.1 | 53.4 |
| 7:30 | EUR | German Flash Manufacturing PMI | 44.6 | 43.5 |
| 7:30 | EUR | German Flash Services PMI | 54.3 | 54.8 |
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