EUR/USD: US FOMC Statement and Federal Funds Rate

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The European Common Currency appreciated against the US Dollar, following the US FOMC Statement and Federal Funds Rate data release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% right after the release. The Euro continued trading at the 1.1250 level against the Greenback.

Federal Reserve released the FOMC Statement, where the US policymakers provided in-depth insights into the economic and financial conditions that influenced their vote on maintaining the Federal Funds Rate unchanged. Note, that FOMC Economic Projections were released at the same time.

The Fed suggested that it would cut the interest rate in 2020. The median target for the federal funds rate remains 2.4% for 2019. Note, that the Federal Reserve has not cut the rate since the financial crisis. However, recent employment data set and inflation data releases have led analysts to forecast cut rates in the future.


Watch FOMC Statement Aftermath: Click Here
Historical Data: US Federal Funds Rate
Date08.11.1819.12.1830.01.1901.05.1919.06.19
Actual2.3%2.5%2.5%2.5%2.5%
Forecast2.3%2.5%2.5%2.5%2.5%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/USD0.687240.687990.11%
EUR/USD1.121981.123050.10%
NZD/USD0.653030.65390.13%
USD/JPY108.383108.3-0.08%
June 20, 2019 Open Positions
PairLongsShorts
AUD/USD71.8%28.2%
EUR/USD27.1%72.9%
NZD/USD54.9%45.2%
USD/JPY74.3%25.7%
Economic Calendar for June 21, 2019
GMTCurrencyEventForecastPrevious
7:30EURGerman Flash Manufacturing PMI44.644.3
7:30EURGerman Flash Services PMI55.355.4
12:30CADCore Retail Sales m/m0.6%1.7%
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Actual Topics

Thu, 20 Jun 2019 12:09:31 GMT

NZD/USD: New Zealand GDP

The New Zealand Dollar appreciated against the US Dollar, following the New Zealand GDP data release on Wednesday at 22:45 GMT. The NZD/USD exchange currency rate gained 19 pips or 0.29% right after the release. The Kiwi continued trading at the 0.6560 level against the Greenback.

Wed, 19 Jun 2019 12:50:15 GMT

USD/CAD: Canadian CPI

The US Dollar depreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 33 pips or 0.25% right after the release. The Greenback continued trading at the 1.3345 level against the Greenback.

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