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EURUSD breaks 1.15 for the first time since October

4:07 PM 9 January 2019

The US dollar is on the selling block on Wednesday after comments from the Fed officials trying to suggest that future moves will be more data dependent and leaning towards the view that interest rate hike this year is not to be taken for granted. One of the consequences of this is EURUSD rising well above 1.15 for the first time since October of 2018. The pair sees another resistance at 1.1625 but it’s not particularly strong. Bear in mind FOMC minutes at 7pm BST (8pm CET) that may have an impact on the pair too.  

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