The EUR/USD pair reached a bottom at 1.0540, the lowest level in three days, and bounced to 1.
ADP: US private payrolls rose by 113,000 in October, up from 89,000 in September. US Yields drop after Treasury refunding announcement; 10-year slides to 4.83%. EUR/USD consolidates around 1.0550 amid a mixed US Dollar ahead of the FOMC decision. 0557 following the release of the ADP employment report and the Treasury refunding announcement. Currently, the pair is hovering around 1.0550, holding onto daily losses as markets await the FOMC decision.
Later in the day, the Federal Reserve will announce its decision on monetary policy. No change in interest rates is expected. Following the statement at 18:00 GMT, Fed Chair Jerome Powell will hold a press conference. US Interest Rate Decision Preview: Federal Reserve expected to stand pat for second consecutive meeting Levels to watch Below the daily lows, the next support for EUR/USD emerges at 1.0520, last week's low, followed by 1.0493 .
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