AtlantisFX | The euro fell slightly on Wednesday. At noon, the common currency cost $ 1,135. The day before, the euro had risen to a three-month high at $ 1.14. The European Central Bank (ECB) had set the reference rate at $ 1,138 on Tuesday afternoon.
The euro was burdened by a stronger US dollar. The market referred to remarks from the ranks of the US Federal Reserve. During the night on Wednesday, James Bullard, the regional central bank chief in St. Louis, reaffirmed the possibility of an early rate cut. A large interest rate increase of half a percentage point would be excessive in his view. In recent weeks, we have high expectations of an easing of monetary policy in the US. A Reduced to the come bank seating in the july. 0.25 percentage points to the market firmly expected Even a larger interest rate step is not completely excluded, with Bullard's The Dollar benefited. In the afternoon, orders for durable goods will be in the US. They want to attract more attention because they are the guideline for companies' investment activities.