How will FOMC affect the EUR/USD pair this thursday?

[Logan]

Of course, the interest rate will increase in USA, which will make the EUR/USD pair go south, in my opinion.

Does anyone share this opinion here? I personnally think that the eur/usd pair will hit 1,2450 or below, thursday.

Please share your opinions....

[yardie]

Well I think the rate expectations has already been factored into the price..unless the FED doa 50 basis point increase instead of a 25 basis increase. Euro could very well hit 1.2450 but it would be other factors that affect it...maybe some more good news out of the USA.

[Pongpat]

I think if people would share your opinion it would already be at that price. The current policies of ECB do not make it easier. I think 1.3+ is also an option. In my view we should get ready for a bigger move in any direction within 2 or 3 weeks.