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Euro gains ground ahead of Fed's meeting
Euro gained ground against major rivals on Tuesday ahead of the Federal Reserve's policy meeting.
The European Central Bank decided recently to maintain interest rates and assets purchases program, however it intends to cut back on coronavirus-related bonds purchases in accordance to inflation finance rates.
The Federal Reserve is convening today and tomorrow to decide on interest rates and US monetary policies.
Global Central Banks are giving out more bullish signals in response to increasing inflation rates, and we might start to see a wave of policy tightening worldwide.
Otherwise, China's real estate giant Evergrande continues to face a disastrous debt default scenario, which could destabilize many economic sectors in China.
EUR/USD rose 0.1% as of 04:48 GMT to 1.1732, with an intraday low at 1.1724.
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