At 6:03 PM (Lisbon time), the euro was trading at 1.1505 dollars, compared to 1.1504 dollars on Tuesday at the same time.
The euro advanced against the pound and retreated against the yen.
The European Central Bank (ECB) set the euro’s reference exchange rate at 1.1508 dollars.
During today’s session, the euro fluctuated between 1.1481 and 1.1522 dollars.
The Federal Reserve is expected to maintain interest rates today, given the difficulties in assessing the repercussions of Donald Trump’s decisions, despite his calls for rate cuts.
Various financial actors anticipate that the world’s most powerful central bank will choose the ‘status quo’ for the fourth consecutive time, and after two days of meetings, interest rates will remain in the range between 4.25% and 4.50%, the same level since December.
This decision is likely to reignite the impatience of U.S. President Donald Trump, who last Thursday mocked Federal Reserve Chairman Jerome Powell, even calling him an “idiot.”
Today, Trump again attacked Powell, stating that the U.S. Federal Reserve chairman is “stupid” and “politicized.”
“There is no inflation [in the United States], and therefore, I would like to see rates lowered,” the President said in front of the White House, while pretending to question whether he could appoint himself to the position of Fed chairman.
Currencies……………..Today………….Tuesday
Euro/dollar…………..1.1505……………..1.1504
Euro/pound…………..0.85484…………….0.85388
Euro/yen………………..166.43…………….167.03
Dollar/yen……………..144.66…………….145.20
