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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 17/Mar 12:56

Euro awaits ECB rate decision, dollar under pressure

The EURUSD pair holds on to Monday’s gains slightly above 1.1500 during the European trading session on Tuesday. The major currency pair trades firmly as the US dollar has come under pressure ahead of the Federal Reserve’s monetary policy announcement on Wednesday. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, trades marginally lower to near 99.70. Investors expect the Fed to leave interest rates unchanged in the current range of 3.50-3.75% as the Middle East conflict-driven spike in the price of oil has prompted inflation expectations in the entire world. In the policy meeting, investors

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