Euro rise against dollar as markets stand still

The euro rose against the U.S. dollar on Tuesday recapping some of last week’s losses that took place during the third straight session of gains, while the euro is expected to rally prior to the Federal Reserve decision on Wednesday.

The financial markets are steady today as members of the Federal Open Market Committee started their meeting today, as investors await the monetary policy decision tomorrow.

The euro completed last week’s rally on Tuesday as a result of consolidating against the dollar, which opened the way for further bullishness.

Economic data is missing today from the euro zone area keeping the euro influenced by yesterday’s trading, especially after the negative U.S. data that forced the dollar to leave the euro on the upside.