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Euro inches up before economic data
Euro rose against a host of currencies on Thursday as investors digest the Federal Reserve's policy meeting yesterday and ahead of economic data.
The Federal Reserve voted to maintain rates at between zero and 0.25% unchanged while expecting to raise rates three times in 2023 and three more times in 2024 to 1.8%.
The Federal Reserve expects the US GDP to grow by 3.8% in 2022, and by another 2.5% in 2023, and by 2% in 2024.
Later today, data on German and overall European manufacturing and services data will be released.
EUR/USD rose 0.2% as of 5:08 GMT to 1.171, with an intraday high at 1.1712, and a low at 1.1684.
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