EUR/USD Up on Fed Dovish Tone

The EUR/USD currency pair rose today after the Federal Reserve announced that interest rates in the United States will remain at a record low for an extended period, this fact declined speculations that rate hikes could come sooner-than-expected, halting a rally for the greenback versus the main traded currencies in foreign-exchange markets. At the moment EUR/USD trades at 1.4579.
Building permits were at seasonally adjusted annual rate 584k in November as forecasts suggested and from a previous reading of 551k (revised) in October. Building permits touched a seasonally adjusted rate of 574k in November from a revised rate of 527k in October, forecasts were more optimistic than actual figures at 590k.
Consumer Price Index (CPI) rose 0.4% in November from 0.3% in October, forecasts suggested the same value confirmed on the actual report.
U.S. crude oil inventories declined 3.7 million during the last week. Total motor gasoline inventories increased by 0.9 million barrels last week, and both figures above the upper limit of the average range.

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