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EUR/USD makes fresh daily highs as Fed decision looms

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - EUR/USD picked up pace and made fresh highs for the day as anxiety grows ahead of the Fed announcement.

    EUR/USD has traded most of the day within a narrow range around 1.0940, and managed to advance a few pips toward a high of 1.0967 as the dollar retreats across the board . At time of writing, the pair is trading at 1.0955, up 0.23% on the day.

    The dollar is also losing ground against the franc and antipodean currencies, while it trades little changed versus the yen.

    The Federal Reserve will announce its decision at 19:00 GMT, with most analysts expecting rates to “lift-off” from record low levels. With most of the rate hike prices in, focus will be on what Yellen says about the future path of rates.
    For more information, read our latest forex news.

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