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ECHO FOREX: The euro moves little against the dollar before the Fed's decision

15/12/2020
Source : Dow Jones Newswires French
Categories: Economy/Forex

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LONDON (Agefi-Dow Jones)--The euro is little changed against the dollar on Tuesday, as investors await the monetary policy decision and new economic projections of the US Federal Reserve (Fed) on Wednesday. "Foreign exchange markets are expected to remain fairly stable [Tuesday] and the dollar pause in its decline, especially against low-yielding currencies like the euro or the yen, ahead of the Fed's meeting and its [economic] projections," said Petr Krpata, currency strategist at ING. The single currency is expected to stall on Tuesday, but could show "a slight upward trend" if the  US central bank announces new support measures on Wednesday, which would benefit risk assets, he said. At 11 a.m., the euro rose 0.1% to $1.2161.

 

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