US dollar await the FOMC decision

14:02 1 August 2018
A huge flow of macroeconomic reports left the EURUSD currency pair unimpressed as it remains range-bound, hovering just below the 1.17 mark. A solid ADP reading showing an increase of the US private sector employment of 219k had no positive impact on the US dollar, suggesting a high bar of expectations when it comes to the US data. Will the Fed provide the signal today in the evening (7pm BST/8pm CET)? The Bank is expected to leave rates unchanged but it may suggest the next move in the statement.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.4 Million investors from around the world