EUR/USD Current Price: 1.0554 The United States Federal Reserve will unveil its monetary policy decision in the American afternoon. Market participants watch critical US employment-related figures ahead of Fed. EUR/USD trades in the red for a second consecutive day, support at 1.0520. 0540 ahead of Wall Street’s opening. The US Dollar benefits from a cautious stance as investors await the United States Federal Reserve monetary policy announcement in the American afternoon.
The US calendar has more to offer ahead of the Fed’s announcement, as the country will publish the October ISM Manufacturing PMI, foreseen steady at 49, and September JOLTS Job Openings. The latter is expected to indicate 9.25 million openings in the month, further easing from the 10.3 million peak posted last April. The report is an indication of the labor market tightness, a spot the Fed is watching closely to take monetary policy decisions.
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