Euro rose European market on Wednesday against a basket of major and minor currencies, to maintain its gains for the second consecutive day against USD, just shy of touching the highest level in three months, and still gains limited as investors awaited the “Central American” Federal Reserve decisions later Today.

Euro rose against the dollar at less than 0.1% until 07:15 GMT. The time, trading at $ 1.1770, the price of the opening of the trading day at $ 1.1764, scored the highest at $ 1.1771 and the lowest at $ 1.1755.

Euro gained 0.2% against the dollar on Tuesday, its first gain in three days, with the correction and profit taking from a three-month high of $ 1.1815.

Last week, the single European currency managed to gain 1.1% against the greenback, its second weekly gain in a row, as global trade concerns eased and investor focus shifted to fundamentals.

EURUSD jumped on Monday to the highest level in three months , in the wake of Mario Draghi, Governor of the testimony of the European Central Bank in front of the single European bloc’s parliament in Brussels, it reinforced that certificate prospects for the bank to normalize monetary policy starting from early next year.

Draghi described the acceleration of inflation in the euro area as relatively strong and expected further rise in the coming months, and expressed his confidence in the labor market and the growth of wage levels.

Draghi said the bond purchase program at around 15 billion euros would end by the end of the year and pledged to keep interest rates at their low levels until summer of next year.

On his side, European Central Bank chief economist Peter Bright said on Tuesday there was nothing new in remarks by bank governor Mario Draghi.

With no significant data from Europe on the economic agenda for today, investors’ focus will shift to the Federal Reserve’s decisions, which will be released later today as well as the press conference of Jerome Powell, President of the Council.

The full potential of financial markets currently refers to raise interest rates by 25 basis points to a range of 2.25%, the third increase in US interest rates during 2018, looking investors through monetary policy and the comments of the statement of Jerome Powell, new evidence concerning the future of continuing to tighten policy and raise interest rates For the fourth time this year.