that the Fed’s policy decisions will be driven by the incoming data and the progress toward employment and price stability mandates.
On the upside, EUR/USD faces first resistance at 1.0900 . If the pair manages to rise above that level and confirms it as support, it could extend its uptrend toward 1.1000 and 1.1035 . The Fed also uses quantitative tightening or quantitative easing to adjust the size of its balance sheet and steer the economy in the desired direction. QE refers to the Fed buying assets, such as government bonds, in the open market to spur growth and QT is exactly the opposite. QE is widely seen as a USD-negative central bank policy action and vice versa.Information on these pages contains forward-looking statements that involve risks and uncertainties.