The USD Falls

The USD tumbled this morning after the Federal Reserve kept interest rates on hold, implying in that the present rates are benefiting the economic conditions.

Now, the Euro versus the USD trades at $1.1130, which is a gain of $0.00013 or 0.01% from the previous close of $1.11294.

The daily range is from $1.1128 to 1.1144, while the trading volume is 34.302K. Furthermore, the Federal Open Market Committee (FOMC) preserved the benchmark rate of the same levels of 1.5% to 1.75%.

In fact back in July, the Fed reduced interest rates for the first time since the Financial Crisis, more than a decade ago.

Most investors and traders are still focused on the trade debates between Beijing and Washington over the Sunday’s deadline for the next round of U.S. tariffs on Chinese imports coming to the U.S.