{"id":104654,"date":"2020-09-15T12:01:25","date_gmt":"2020-09-15T11:01:25","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104654"},"modified":"2020-09-15T12:01:25","modified_gmt":"2020-09-15T11:01:25","slug":"eur-usd-caution-ahead-of-fomc-on-wednesday","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/eur-usd-caution-ahead-of-fomc-on-wednesday\/","title":{"rendered":"EUR\/USD: Caution Ahead of FOMC on Wednesday"},"content":{"rendered":"<p><strong>USD weakness to lift EUR\/USD for 5<sup>th<\/sup> consecutive session.<\/strong><\/p>\n<p><strong>An upbeat mood and uncertainty over an additional rescue package from Congress weigh on USD.<\/strong><br \/>\n<strong>Euro is also underpinned by upbeat ECB comments last week<\/strong><\/p>\n<p>US Dollar weakness amid declining expectations of further fiscal stimulus saw the EUR\/USD advance for a 5<sup>th<\/sup> straight session. Added to this rising sentiment as seen in the rallying stock markets resulted in safe haven outflows. Risk sentiment rose on Monday after AstraZeneca announced that it was restarting its covid vaccine trial. Risk on trading continued through the Asian session on Tuesday, picking up further following the release of encouraging Chinese data.<\/p>\n<p>Meanwhile, the Euro continues to be buoyed by the ECB\u2019s upbeat outlook for the economic recovery in the region. Furthermore, the ECB appeared unfazed by the Euro\u2019s recent appreciation, boosting bullish sentiment surrounding the common currency. Despite the supportive factors EUR\/USD trades at familiar levels given the caution ahead of Wednesday\u2019s Federal Reserve monetary policy decision. This will be the first meeting since Fed Chair Jerome Powell revealed the adjustment in policy framework which is more tolerant of above target inflation. The focus will be on the updated economic projections and further hints that interest rates will be lower for a longer .<\/p>\n<p>Prior to tomorrow Eurozone and German ZEW Survey watched for direction. In the US Empire State Manufacturing Index and Industrial Production data, could USD be producing some trading opportunities. Some repositioning could add volatility around the pair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD weakness to lift EUR\/USD for 5th consecutive session. An upbeat mood and uncertainty over an additional rescue package from Congress weigh on USD. Euro is also underpinned by upbeat ECB comments last week US Dollar weakness amid declining expectations of further fiscal stimulus saw the EUR\/USD advance for a 5th straight session. Added to [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5102,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":["post-104654","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-usd","tag-eur","tag-eur-usd","tag-usd"],"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: Caution Ahead of FOMC on Wednesday - 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\/eur-usd-caution-ahead-of-fomc-on-wednesday\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/eur-usd-caution-ahead-of-fomc-on-wednesday\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/eur-usd-caution-ahead-of-fomc-on-wednesday\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Caution Ahead of FOMC on Wednesday\",\"datePublished\":\"2020-09-15T11:01:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/eur-usd-caution-ahead-of-fomc-on-wednesday\\\/\"},\"wordCount\":259,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/eur-usd-caution-ahead-of-fomc-on-wednesday\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100761-gbp-eur-pound-strugggles.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/eur-usd-caution-ahead-of-fomc-on-wednesday\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/eur-usd-caution-ahead-of-fomc-on-wednesday\\\/\",\"name\":\"EUR\\\/USD: Caution Ahead of FOMC on Wednesday - 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