Euro resumes gains ahead of Fed's decisions

2020-09-16 10:09:00 GMT (Economies.com)
Euro resumes gains ahead of Fed's decisions

Euro rose in European trade against a basket of major rivals ahead of the Federal Reserve's policy decisions today. 

 

EUR/USD rose 0.2% to 1.1872, after closing down 0.15% yesterday, the first loss in five days. 

 

The dollar index fell 0.2% on Wednesday, resuming the losses after a temporary hiatus. 

 

The dollar index is pressured by expectations of more stimuli by the Fed today, as it is the first meeting since Chief Jerome Powell's announcement that the Fed will allow higher levels of inflation in order to prop up the economy. 

 

On the other hand, sentiment remains solid in the market on vaccine hopes and strong Chinese data.

 
 
 
  Symbol Last Change Chg.%
1.1857
-0.0021
0.1781%
1.2950
0.0051
0.3946%
Tadawul
8364.61
6.65
0.08%
26.892
-0.119
0.441%
40.789
3.729
10.062%
43.15
-0.26
0.60%
1951.790
-2.435
0.125%
 
 
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