Thu, 02 May 2024 10:07:07 GMT
EUR/USD decline is stopped by Fed
On May 1, US monetary policy makers, who decide upon the supply of the US Dollar, announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected.
In addition, the central bank has published the Federal Open Markets