FED leaves monetary policy unchanged

As expected, the Fed keeps interest rates unchanged as policymakers took a wait-and-see approach amid US presidential election uncertainty. Key takeaways:

The Fed sees weaker demand, low oil prices - factors that will keep inflation low
Economic activity and employment continue to reboun

Overall, there are no major changes compared to the previous release. The FED is again addressing the risks associated with the coronavirus and its readiness to take further action if needed. We observe slight volatility on the dollar.

The only changes are seen in the second paragraph of the Fed statement. As one can see the changes are very minor ... Source: Fed, Twitter @zerohedge EURUSD fell to the 38.2 retracement for a moment, but it started to rebound quite quickly. Source: xStation5

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Forex

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