Daily economic digest from Forex.ee

Daily economic digest from Forex.ee

Stay informed of the key economic events

Thursday, September 21st

The EUR/USD pair remains under bearish pressure on Thursday on the back of renewed buying interest around the greenback, underpinned by the hawkish outcome of the FOMC meeting. Yesterday the pair dipped for more than 160 points, following hawkish surprise delivered by the Fed. As it was widely expected, the Fed left its interest rate unchanged, while making markets confident that there will be another rate hike this year and three more in 2018. Moreover, the regulator officially announced that it would start shrinking balance sheet in October, following schedule, laid out in July. Adding to this, the Fed stressed that recent weakness of the inflation remains temporary, expecting that it will reach regulator’s target level of 2% in the mid-term projection. Today the markets will continue to digest the outcome of the recent event, which will continue to support t

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