European Session – Euro under pressure as market awaits Fed decision
Posted on July 29, 2015 at 2:36 pm GMTThe market was mostly waiting the crucial statement out of the Federal Reserve later, as the dollar pushed the euro back towards 1.10 at around 1.1040, but lost ground against the pound as it powered ahead towards 1.57 at 1.5680. The moves appeared to be mostly connected to flows rather than specific market-moving news. Stabilization in Chinese stock markets earlier in the day restored some sense of calm in global financial markets, as US stocks also managed to open higher [..]