Day: September 19, 2019

EUR/USD Rises Following Drop Caused by FOMC Announcement

EUR/USD reversed its movement, rising today following yesterday’s drop caused by the hawkish interest rate cut by the Federal Open Market Committee. Markets are still trying to digest the FOMC statement and understand whether the cut was the end of the mid-cycle adjustment. As for today’s US macroeconomic data, it was mixed, giving no edge to the dollar. Philadelphia Fed manufacturing index dropped to 12.0 in September from 16.8 in August. Analysts had […]