FOMC leaves rates unchanged, EURUSD ticks lower

FOMC decided to leave interest rates at unchanged levels. Decision was unanimous. Currency swap lines were extended until the end of Q1 2021. The Fed said that the economy improved on the back of its actions but future trajectory will depend on what happens with the virus and that pandemic remains a considerable short-term risk.

Jerome Powell, head of the Federal Reserve, will explain the decision and answer journalists' questions during a press conference at 7:30 pm BST.

EURUSD made a pullback after FOMC announced its decision. However, the scale of a move was very small. Source: xStation5

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