17 Dec 2014
EUR/USD edges higher after FOMC statement
FXStreet (Córdoba) - EUR/USD wavered near daily lows but failed to determine a clear direction following the FOMC statement in which the Federal Reserve changed its language saying the bank can be “patient in beginning to normalize the stance of monetary policy”.
Meanwhile, the FOMC also released economic projections were predicted inflationary pressures will ease further in 2015 because of falling oil prices, although the long term outlook remained little changed.
EUR/USD wavered up and down and finally pushed higher, reaching the 1.2470 zone. At time of writing, the pair is trading at 1.2465, still 0.35% down on the day.
Fed Chair Yellen will speak at a press conference at 19:30 GMT.
Meanwhile, the FOMC also released economic projections were predicted inflationary pressures will ease further in 2015 because of falling oil prices, although the long term outlook remained little changed.
EUR/USD wavered up and down and finally pushed higher, reaching the 1.2470 zone. At time of writing, the pair is trading at 1.2465, still 0.35% down on the day.
Fed Chair Yellen will speak at a press conference at 19:30 GMT.