{"id":100295,"date":"2020-05-20T04:04:43","date_gmt":"2020-05-20T08:04:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100295"},"modified":"2020-05-20T04:46:20","modified_gmt":"2020-05-20T08:46:20","slug":"103246-eur-usd-euro-advances-as-investors-look-ahead-to-ez-inflation-fomc-minutes","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103246-eur-usd-euro-advances-as-investors-look-ahead-to-ez-inflation-fomc-minutes\/","title":{"rendered":"EUR\/USD: Euro Advances As Investors Look Ahead To EZ Inflation &#038; FOMC Minutes"},"content":{"rendered":"<ul>\n<li><strong>EU recovery fund runs into obstacles<\/strong><\/li>\n<li><strong>EZ inflation expected +0.4% yoy, below ECB 2% target<\/strong><\/li>\n<li><strong>Doubts surface over Moderna\u2019s vaccine potential<\/strong><\/li>\n<li><strong>At 08:15 EUR\/USD +0.3% at US$1.0950 &gt;&gt; <a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\">Real time exchange rates<\/a><\/strong><\/li>\n<\/ul>\n<p>The Euro is on the rise for the fourth straight session versus the US Dollar. The Euro US Dollar exchange rate settled on Tuesday +0.1% higher at US$1.0923, slightly off the high of US$1.0977.<\/p>\n<p>At 08:15 UTC, <a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\">EUR\/USD<\/a> is +0.3% at $1.0950. This is towards the upper end of the daily traded range of US$1.0918 \u2013 US$1.0960. The pair has traded within the familiar range of US$1.08 \u2013 US$1.10 since the end of March.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time EUR to USD exchange rate<\/span><\/a><\/div>\n<p>The mood in the market is mixed on Wednesday as optimism surrounding a potential vaccine and the EU rescue fund fades and as investors look ahead to the release of the minutes from the latest Federal Reserve monetary policy meeting.<\/p>\n<p>The Euro remains well supported by the German \u2013 French agreed \u20ac500 billion recovery fund. Although, the plan has already run into some obstacles less than 24 hours after being announced. The recovery fund would see the European Union collectively finance its response to the coronavirus crisis in the region. The plan has already been opposed by the Netherlands and several other countries.<\/p>\n<p>Eurozone inflation data is in focus. Analysts are expecting inflation in the bloc to increase at just 0.4% year on year in April. Core inflation, which excludes more volatile items such as food and fuel, is expected to increase by 0.9% compared to a year earlier. These figures are significantly below the ECB\u2019s 2% target and could bolster the chances of further ECB easing action.<\/p>\n<p>The US Dollar is pushing broadly higher versus its major peers as investors seek out its safe haven properties. Scepticism over a potential vaccine for covid-19 is weighing on risk sentiment across the financial markets.<\/p>\n<p>A report on STAT, a medical website, cast doubts over Moderna\u2019s vaccine, saying that insufficient data was submitted to determine the efficacy of the vaccine.<\/p>\n<p>Investors will now look ahead to the release of the minutes from the latest FOMC meeting. At this meeting in April, the Fed left rates unchanged. The minutes will be scrutinised closely for any clues or hints on any new polices that the Fed are considering, but especially on negative interest rates.<\/p>\n<p>Given that Federal Reserve Chair Jerome Powell has been on TV and giving a testimony before the Senate banking committee over the past few days, the minutes are unlikely to reveal anything new.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU recovery fund runs into obstacles EZ inflation expected +0.4% yoy, below ECB 2% target Doubts surface over Moderna\u2019s vaccine potential At 08:15 EUR\/USD +0.3% at US$1.0950 &gt;&gt; Real time exchange rates The Euro is on the rise for the fourth straight session versus the US Dollar. The Euro US Dollar exchange rate settled on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,1393,1453,1387,2769,1397,1398,2695],"class_list":{"0":"post-100295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-euro","11":"tag-fomc","12":"tag-inflation","13":"tag-recovery-fund","14":"tag-us-dollar","15":"tag-usd","16":"tag-vaccine"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD: Euro Advances As Investors Look Ahead To EZ Inflation &amp; FOMC Minutes - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103246-eur-usd-euro-advances-as-investors-look-ahead-to-ez-inflation-fomc-minutes\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103246-eur-usd-euro-advances-as-investors-look-ahead-to-ez-inflation-fomc-minutes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103246-eur-usd-euro-advances-as-investors-look-ahead-to-ez-inflation-fomc-minutes\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Advances As Investors Look Ahead To EZ Inflation &#038; 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