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The euro remains pending the Fed meeting

The euro remains pending the Fed meeting


The euro remained today pending the Federal Reserve (Fed) monetary policy meeting, from which changes in interest rates are ruled out.

The single currency was changed around 4:00 p.m. GMT to $ 1,1085, compared to $ 1,1093 in the last hours of the European trading of the foreign exchange market of the previous day.

The European Central Bank (ECB) today set the reference exchange rate of the euro at $ 1.1075.

The Federal Reserve of the United States (USA) concludes today its two-day meeting on monetary policy, in which it is not expected to vary the reference interest rates, which are in a range of between 1.5% and 1.75%, having dropped three times since the middle of the year.

The US inflation figures were also within expectations.

The consumer price index (CPI) rose in the US in November by 0.3% compared to October and 2.1% year-on-year, and the underlying one, which excludes energy and food prices due to its volatility, rose by 0.2% compared to the previous month and 2.3% year-on-year.

The general elections in the United Kingdom and what will happen with the “brexit” monopolize the attention of the market.

The outcome of the elections tomorrow will depend on how the process of withdrawal from the European Union (EU) evolves and the reaction of the markets.

The fluctuation band of the euro against the dollar today ranged between 1.1070 and 1.1098 dollars.

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