The Euro fell slightly against the US Dollar, after the Federal Reserve announced its interest rate decision. Following the release, EUR/USD was 12 base points down touching the 1.1615 mark. However, the pair managed to climb to the 1.1660 area on early Thursday ahead of the row of European economic reports.
The Federal Reserve announced that it kept key interest rates unchanged and pointed to strong US economic expansion and better labour market conditions, as recent hurricanes had only short-term impact on economic activity. The Bank’s policymakers kept their encouraging stance, when acknowledging that consumer price growth was still soft, but did not lowered their evaluations of pricing expectations.
