At the beginning of the day, EURUSD is trading in the range, in anticipation of the FED announcing its interest rate decision later today.
Currently EURUSD is trading at 1.1115.
The US monetary policy meeting will end today and markets expect the FED to cut interest rates for the third time this year, amid trade tensions affecting US economic growth.
Over the last few days, the dollar has gained ground against major currencies amid rising hopes of a US-China deal. However, an administration official said the deal may take a little longer to finalize and sign.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.