The Euro remains on the defensive against the US Dollar as market participants await March’s monetary policy decision by the Federal Open Market Committee (FOMC) on Wednesday.
Euro losses a step vs US Dollar, eyes on Fed decision. US housing gains, Building Permits, and Housing Starts rise. Germany’s ZEW and EU surveys beat expectations, uplifting investor sentiment. The Euro remains on the defensive against the US Dollar as market participants await March’s monetary policy decision by the Federal Open Market Committee on Wednesday. Therefore, the EUR/USD trades at 1.0859 and loses 0.12%.
The US Dollar Index , a gauge of the buck’s value against a basket of other currencies, gains 0.23%, up at 103.82. On the Eurozone’s front, Germany published the March ZEW Survey, which improved the country to 31.7, while the EU one surged to 33.5, beating estimates.
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