- EUR/USD rises after the Fed, since those responsible for the policy keep the rates without changes but suggest a slower rhythm of balance reduction from April.
- Inflation remains “something” high, with the Fed reviewing the PCE and the underlying PCE, while the estimates of GDP and unemployment were reduced.
- The governor of the Fed, Waller, disappointed, favoring a rhythm of balance reduction unchanged, while the markets digest mixed policy signals.
The EUR/USD recovered on Wednesday after the US Federal Reserve decided to keep interest rates without changes despite adopting a slightly hard -line approach to the future of interest rates. At the time of writing, the par quotes volatile within the range of 1,0860 – 1,0900.
The pair is listed volatile about 1,0860–1.0900 in the middle of the hard line perspective of the Fed
In its monetary policy statement, the Fed commented that labor market conditions remain solid, but emphasized that inflation remains “something” high. The Committee mentioned that it will remain attentive to the risk of both dual mandates and begin to reduce the rhythm of balance reduction in April.
The decision was approved unanimously, except by the governor of the FED, Christopher Waller, who favored maintaining the balance of the balance without changes.
Regarding the summary of Economic Projections (SEP), officials expect the federal funds rate to remain unchanged at 3.9% from the December SEP, while reviewing the expectations on the inflation of the PCE and the underlying PCE. On the other hand, the Gross Domestic Product (GDP) and the unemployment rate were reviewed down.
EUR/USD reaction to the Fed decision
The EUR/USD fell to 1,0862, before resuming the ascent, reaching 1,0892, but moves within that range. The operators expect the press conference of the president of the FED, Jerome Powell, at 18:30 GMT.
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the strongest currency against the New Zealand dollar.
USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.45% | 0.12% | 0.15% | 0.18% | 0.34% | 0.48% | 0.22% | |
EUR | -0.45% | -0.34% | -0.33% | -0.28% | -0.10% | 0.03% | -0.23% | |
GBP | -0.12% | 0.34% | 0.04% | 0.07% | 0.25% | 0.37% | 0.10% | |
JPY | -0.15% | 0.33% | -0.04% | 0.04% | 0.22% | 0.33% | 0.08% | |
CAD | -0.18% | 0.28% | -0.07% | -0.04% | 0.18% | 0.32% | 0.03% | |
Aud | -0.34% | 0.10% | -0.25% | -0.22% | -0.18% | 0.12% | -0.10% | |
NZD | -0.48% | -0.03% | -0.37% | -0.33% | -0.32% | -0.12% | -0.27% | |
CHF | -0.22% | 0.23% | -0.10% | -0.08% | -0.03% | 0.10% | 0.27% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.