EUR/USD Rallies Ahead of Wednesday’s FOMC Policy Decision

EUR/USD rallied today as the US dollar was soft ahead of the monetary policy announcement from the Federal Open Market Committee on Wednesday. The outlook for the greenback remained largely bullish, though.
NY Empire State Index slumped from 23.3 in November to 10.9 in December, whereas analysts had expected a much higher figure of 20.1. (Event A on the chart.)
Net foreign purchases were at $31.1 billion in October, up from $30.8 billion in September. (Event B on the chart.)

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