The Euro edged higher against the United States Dollar as a new trading week began in Europe on Monday, with moves likely to remain extremely limited at least until Wednesday’s monetary policy decision from the Federal Reserve.
This is always a showstopper of course, and this month’s call promises plenty of interest even though it’s all but impossible that interest rates will be going anywhere. This is quite some change from the start of this year. March was thought of as very possibly the month in which Chair Jerome Powell and his colleagues would fire the starting gun on an easing cycle by cutting rates at last. However, US inflation has proven sticky and the economy overall more resilient.
