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EUR/USD continues to grind higher with Fed decision less than 2 hours away
It is now less than 2 hours until the US Federal Reserve will announce the outcome of their eagerly awaited policy decision, at 6pm GMT. The dollar is mixed right now, with continued strength versus the Yen, whilst moving lower versus the Euro and the Pound, compared to where it was earlier today. Of course that means gains for the EUR/JPY and the GBP/JPY this afternoon.
So, as we reported earlier, the EUR/USD exactly matched the October 14 low this morning, at 1.1113. It has just now pushed its way abovbe 1.1140. That has seen the dollar index fall back from an earlier session high at 102.49 and trade below 102.30 as we write. The next update here will come as soon as possible once the Fed decision hits the street.
The EUR/USD is just now trading at 1.1144
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