EUR/USD approaches 1.3600 after FOMC and Yellen

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The EUR/USD managed to hold above 1.3550 and move toward daily highs after the FOMC statement and following Yellen’s press conference. Currently trades at 1.3580, up 0.25% for the day and 10 pips above the price it had before the FED.



The FOMC left rates unchanged and made another cut to the purchase program of $10 billion as expected. The US dollar weakened across the board and is the worst performer of the day.



The EUR/USD is headed toward the highest daily close since June 9, but still trades below 1.3600. Printed a daily high at 1.3599 but then pulled back.



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