Euro awaits FOMC meeting
There is little movement in the euro versus the US dollar today, as it is trading at $1.3560 a touch higher on the trading session. The focus now shifts to the Federal Open Market Committee meeting tonight at 7pm (London time).
Alastair McCaig stated that the standoff between Russia and Ukraine is still bubbling away in the background, but so far there have been no major developments either way.
The consensus for tonight’s meeting is for tapering of $10 billion, and if the Fed taper by $15 billion or more it could drive the euro below $1.35.