Us Dollar Outlook improves against the Euro Exchange Rate for the first time in four days as bets are placed that the US Dollar printing program (Quantitative Easing) will come to a end at today’s FOMC meeting.
The FOMC meeting will give a lot of direction for other exchange rates as well as the Euro rate, but will it go the way everyone expects.
If today’s unemployment and Bank of England minutes are a guide possibly note as the pound exchange rate did improve a little but it didn’t recover the recent sell off levels.
I will post the result at 6.15 GMT tonight of the FOMC meeting.
Happy Forex Trading