The Euro appreciated against the US Dollar, following the FOMC Statement release on Tuesday at 15:00 GMT. The EUR/USD exchange currency rate gained 61 pips or 0.55% after the release. The Euro continued trading at the 1.1200 level against the Greenback after the release.
The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency meeting.
The US policymakers announced the cut of the interest rate by a half of a percentage point in response to the increasing economic threat from the coronavirus outbreak.
| Date | 18.09.19 | 30.10.19 | 11.12.19 | 29.01.20 | 03.03.20 |
|---|---|---|---|---|---|
| Actual | 2.00% | 1.75% | 1.75% | 1.75% | 1.25% |
| Forecast | 2.00% | 1.75% | 1.75% | 1.75% | - |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.65852 | 0.66215 | 0.55% |
| EUR/USD | 1.11276 | 1.11842 | 0.51% |
| NZD/USD | 0.62766 | 0.63088 | 0.51% |
| USD/JPY | 107.669 | 107.64 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 74.1% | 26.0% |
| EUR/USD | 32.6% | 67.4% |
| NZD/USD | 72.6% | 27.4% |
| USD/JPY | 55.4% | 44.6% |
Economic calendar