Home / Forex & Currency Exchange News / EUR/USD Drops as Traders Wait for FOMC, PPI Shows Stable Growth

EUR/USD Drops as Traders Wait for FOMC, PPI Shows Stable Growth

EUR/USD dropped today as US producer inflation remained stable. Now, traders focus on the meeting of the Federal Open Market Committee. The FOMC started the two-day gathering today and will announce its decision tomorrow. It is widely expected that the Committee will raise interest rates further.

PPI rose 0.4% in November, seasonally adjusted, in line with expectations and the same as in October. (Event A on the chart.)

Treasury budget deficit widened from $63.2 billion in October to $138.5 billion in November. The shortage was bigger than $135.2 billion predicted by analysts. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

Chinese Yuan shows resilience, despite emerging markets pressured by trade concerns

Article by ForexTime Conflicting indications over the status of trade talks between the United States and China has contributed towards a subdued opening of the week for financial markets. Reports that President Donald Trump will most likely impose tariffs on $200 billion worth of Chinese goods have collided with other reports that Beijing was considering […]

Leave a Reply

Your email address will not be published. Required fields are marked *