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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% | |||