EUR/USD holds to modest losses, remains in a small range. Market participants ignore FOMC minutes, DXY unchanged. The EUR/USD pair continued to trade around 1.1065 after the Federal Reserve (Fed) released the minutes of its latest meeting. Previously the euro spiked to 1.1081 but failed to break clearly above 1.1080 and pulled back modestly. Financial markets remain quiet even after the FOMC minutes. Since the beginning of the week, the EUR/USD is moving in a 40-pip range. According to the minutes, most members judged the low level of interest rates as appropriate barring a ‘material’ reassessment of the outlook. Most policymakers said rate cut was warranted due to global weakness seen in growth. Some favored keeping rates steady and argued outlook was favorable and inflation expected to rise. The document showed they discussed about the risks to the economic outlook remained tilted to the downside. The US Dollar Index remains unchanged, consolidating modest gains around 98.00. US yield also kept their previous levels and equity prices in Wall Street hold to losses. Market participants ignored Fed’s minutes completely. According to the CME Fed Watch Tool, current market pricing shows practically no probability or a rate cut in December. EUR/USD levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coinbase announced support for XTZ, DAI, EOS and LINK FX Street 3 years EUR/USD holds to modest losses, remains in a small range. Market participants ignore FOMC minutes, DXY unchanged. The EUR/USD pair continued to trade around 1.1065 after the Federal Reserve (Fed) released the minutes of its latest meeting. Previously the euro spiked to 1.1081 but failed to break clearly above 1.1080 and pulled back modestly. Financial markets remain quiet even after the FOMC minutes. Since the beginning of the week, the EUR/USD is moving in a 40-pip range. According to the minutes, most members judged the low level of interest rates as appropriate barring a 'material' reassessment… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
