Wednesday, 29 January 2020

FOMC: US Dollar Edges Lower as Fed Holds Rates, Extends Repos

The Federal Reserve just announced its January 2020 monetary policy update, which detailed that the FOMC will keep its benchmark interest rate on hold but will extend repo operations through April.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...