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via fxstreet.comEconomy

Fed and ECB decisions a day apart as the euro trades under 1.12

FROM THE WIRE · FXSTREET.COM

Germany's Ifo survey beat its forecast on Monday, and EUR/USD was back under its pre-release level by the 11th five-minute bar. Dollar buying ahead of the Federal Open Market Committee (FOMC) meeting, which ends Wednesday, then took it to its lowest since October 15.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishFed and ECB policy decisions falling a day apart can move EUR/USD sharply, as dollar buying lifts the currency ahead of the FOMC.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Germany's Ifo survey beat its forecast on Monday.
  2. 02EUR/USD fell back below its pre-release level.
  3. 03Dollar buying ahead of the FOMC meeting, ending Wednesday, took the pair to its lowest since October 15.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1173-0.01%today -0.28%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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