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EUR/USD The Euro starts the second month of the year with gains against the American dollar. Yesterday, the EUR/USD pair reached the key mark of 1.0900. Today, during the Asian trading session, the Euro reached a new high – 1.0920. Currently, the EUR/USD pair consolidates near to the level of 1.0900.
January 29th, 2016.
This morning, the main currency pair was trading around the level of 1.087, by losing 0.2%. At the moment, we are observing a technical correction in the EUR/USD pair. On Wednesday, the euro reached a one-week high of 1.0918. It happened after releasing the statement from the Federal Reserve meeting. The Fed kept interest rates unchanged as expected and said the U.S.
On Wednesday, the EUR/USD pair was trading below the level of 1.087 by losing about 0.2%. The EUR/USD pair traded largely subdued, despite a broadly lower American dollar, as the solid recovery in oil prices lifts the sentiment and diminishes the bids for the safe-haven Euro.