EUR/USD falls after FOMC

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The EUR/USD rose to 1.3599, hitting a fresh daily high after the release of the FOMC statement, but then bounced sharply to the downside, falling to 1.3547.



Currently trades at 1.3560/70, a few pips below the price it had before FED’s decision.



The US central bank announced another cut in the purchase program by $10 billion, as expected and saw some improvements in the economy. The US dollar is strengthening across the board.



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