The euro was inching higher even before the rate decision. The traders were betting on a dovish stance from the Fed. The U.S. central bank raised the rate by 0.25% this afternoon as expected. Taking the hint from the inflation data this morning, the euro was trading up at around…
Day: December 13, 2017
All Eyes on What the Fed Is Going to Say about Its Stance on the Future Interest Rates
The euro is trading up at around $1.1760 against the U.S. dollar after the US inflation rose at a somewhat disappointing 2.2% pace over the year. The U.S. central bank is widely expected to raise the rate by 0.25% this afternoon. What’s more important is what it will say it’s…