EUR/USD: US FOMC Meeting Minutes

The European Common Currency traded sideways against the US Dollar, following the US FOMC Meeting Minutes data release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 2 pips or 0.02% right after the release. The Euro continued trading at the 1.1254 level against the Greenback.

The Federal Reserve released the US FOMC Meeting Minutes data , where the US policymakers provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interests rates.

According to the official release: "Investors' concerns about downside risks to the economic outlook weighed on financial markets over the intermeeting period. Market participants cited negative news about international trade tensions and, to a lesser extent, soft U.S. and foreign economic data as factors that contributed to these developments. Nominal Treasury yields posted notable declines and the expected path of policy shifted down considerably over the period. Equity prices declined, on net, and corporate bond spreads widened. However, financing conditions for businesses and households generally remained supportive of economic growth."