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EUR/USD: Major pair is waiting for the outcome of the Federal Reserve meeting
Trades are stable for the pair EUR/USD at the Forex currency market on Wednesday morning; however turnover is low in advance of the decisions of the U.S. Federal Reserve.
By 9.05 MSK the Euro is at 1.3711 against yesterday’s closing level of 1.3700.The event of the day is the meeting of the Federal Reserve which will take decision on the interest rate tonight, (will remain close to zero, 22.15 MSK) and will give guidelines for the further monetary policy of the regulator.
Markets expect that FR will announce additional economic stimulus, and the question is what instruments will be involved in this process.
In general, the lull is expected in the pair during the day, only if external background will not interfere. Most likely the pair EUR/USD will not go beyond the range of 1.3570-1.3760 at the trading session on Wednesday.
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