FRS turned around its policy and EURUSD trend

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Federal Reserve System significantly adjusted its monetary policy that influenced USD exchange rate. Instead of expected EUR/USD drop we observe an increase.

FRS announced that Federal fund rate won’t be hiked during 2019 and only once in 2020. It was a significant change of rhetoric to be more dovelike. Traders hurried to sell US currency.

The closest target for EURUSD is expected to be at 1.15.

EURUSD rate chart
EURUSD rate chart
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