How Will the FOMC Statement Impact the EUR/USD?

Source: ForexYard


At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to the US FOMC Statement, set to be released on Wednesday, August 1st at 18:15 GMT. As can be seen in the chart below, the last FOMC Statement, on June 20th, led to significant fluctuations for the EUR/USD.

Don’t miss out on another opportunity to capitalize on market volatility!

A slowdown in the US economy, highlighted by last week’s Advance GDP figure, has led some analysts to speculate that the FOMC may decide to take steps to boost the US economy. If so, the dollar is likely to see heavy volatility as a result. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!

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