EUR/USD: Dollar is still under pressure in advance of the U.S. FR meeting
The pair EUR/USD continues to go up at the Forex currency market on Tuesday amid expectations of the outcome of the U.S. Federal Reserve meeting today.
By 9.50 Moscow time the Euro is at 1.3414 against closing session level of 1.3391 yesterday.
Investors believe that due to the results of the U.S. FR meeting which is scheduled for Tuesday night, returns on American assets will decline, and consequently the Dollar will remain under the pressure.
In addition, traders also discuss the possibility of increase in volume of US Treasuries redemption – which now amounts to $600 billion.
The day is going to be eventful in terms of statistics on Eurozone countries; the U.S. statistics will be released tonight. The outcome of the FR meeting will become the last news on Tuesday and it will be released at 22.15 Moscow time.
Most likely the pair EUR/USD will not go beyond the range of 1.3250-1.3450 on Tuesday trading session.
