Growth for the euro after the Fed kept its interest rate

The single currency rose against the dollar on Wednesday after a two-day meeting of the US Federal Reserve, who unsurprisingly kept its main interest rate unchanged, but warned that it is closely monitoring global economic and financial events.

The currency pair EUR/USD climbed to 1.0892, an increase of 0.29% for the day. This is the third consecutive day of growth for the euro against the dollar, the euro also rose against the Japanese yen and the British pound respectively to 129.25 and 0.7652.

Fed noted the development of the labor market, but in the published statement, the bankers no longer "believe" in reaching the 2% inflation. It is clear that is not expected to be reached before mid-2018, and currently preferred Fed indicator measuring inflation without prices of food and energy, reported 1.3%.