ECB representative implements euro
In European trade, the main currencies are traded in red. The Australian dollar (-0.45%) recorded the biggest losses. The euro/dollar fell 56 points to 1.2110. The Bank closely monitors the exchange rate and has enough tools to counteract the appreciation of the exchange rate. The British fell to 1.3697 after the euro. If the pressure rises, the euro could fall to 1.2085, the pound – to 1.3654.
Tensions among market participants are rising before the announcement of the decision of the US Federal Reserve. The US regulator is expected to leave rates unchanged. Investors are interested in the next steps of the Federal Reserve.