©Reuters. The euro barely moves ahead of the Fed’s decisions
Frankfurt (Germany), May 4 (.).- The euro barely moved this Wednesday before the Federal Reserve (Fed) published its decisions, although the markets have already discounted a rise in interest rates of half a percentage point , the first of this magnitude since May 2000.
The euro was trading around 1500 GMT at $1.0550, versus $1.0540 in late European forex trading the previous day.
The European Central Bank (ECB) set the exchange rate for the euro at 1.0531 dollars.
Having reached almost $1.0560, the euro lost some ground but remained above $1.05.
Service prices rose more than expected in the US in April and the private economy created fewer jobs than expected.
The markets will pay attention to the information from the Fed about the reduction of its balance sheet and the withdrawal of the liquidity injected to face the economic effects of the pandemic.
The president of the European Commission (EC), Ursula von der Leyen, proposed a progressive veto on European purchases of Russian by the end of the year.
The single currency was traded in a trading band between 1.0506 and 1.0557.
