March 26th 2024

The FED boosts EUR/USD to 1,0942

In the foreign exchange market, we started the week with the EUR/USD pair trading at the bottom of the range, 1.0820, after the good data that was published last week regarding the American economy. With the announcement of the Federal Reserve's monetary policy, the pair marked weekly highs at levels of 1.0942, and then corrected the entire movement and closed at 1.08.

From the rest of the panel, the Pound started the week near the highs of recent months at levels of 0.8580, after learning last week of the Bank of England's decision to maintain rates and offer a more moderate speech than the market expected. .

Regarding the Japanese Yen, the currency recovers some ground after the depreciation it suffered last week and begins the week at 163.60, while the Swiss Franc crosses at the top of the range at the level of 0.9713. Let us remember that the SNB decided to cut the Swiss country's rate by 25bp after the surprise downward trend in inflation.

The post The FED boosts EUR/USD to 1,0942 Appeared first on Blog Export your value.

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