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.
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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