EUR/USD is churning chart paper near 1.0800 after the Federal Reserve (Fed) struck a notably measured tone regarding interest rates on Wednesday.
EUR/USD tilted toward the downside after a cautious Fed statement. All eyes on Fed Chair Powell’s upcoming press conference. Fed language cooled rate cut bets in September, but only slightly. EUR/USD is churning chart paper near 1.0800 after the Fed eral Reserve struck a notably measured tone regarding interest rates on Wednesday.
Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar as it makes the US a more attractive place for international investors to park their money.
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