EUR/USD rebounds after hitting weekly low, ahead of Fed and ECB policy decisions

EUR/USD rebounds after hitting weekly low, ahead of Fed and ECB policy decisions – by christianborjon EURUSD Currencies Majors

The US ADP Employment report for April almost doubled the forecasts, as private hiring increased to almost 300K.

The EUR/USD extends its gains after hitting a weekly low of 1.0942 on Tuesday, as traders brace for the Federal Reserve and . Wall Street is trading with gains, though lower US Treasury bond yields undermined the US Dollar , hence the EUR/USD advanced., a measure of the buck’s value against six currencies, drops 0.54%, down to 101.41.

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