The United States Federal Reserve has decided not to vary its interest rates in the last meeting of the year, leaving them in a range of 0 al 0.25% in December, as expected. The monthly bond purchase program also remains unchanged, worth $ 120 billion. The entity has not changed its rates since last March, when it cut them up to two times in the middle of the outbreak of the coronavirus pandemic.
Market reaction
He EUR/USD has reacted to the initial post with a drop of almost 25 pips to the 1.2150 zone. At time of writing, the cross is trading above 1.2169, gaining 0.07% on the day.
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