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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD weighed down by an upbeat US NFP – FXStreet

  2. Forex News

    EUR/USD might bounce from 1.0850/60 – FXMarketAlerts

  3. Forex News

    EUR/USD dives to 1.0870

  4. Forex News

    EUR/USD Slammed Below $1.0900 as February NFPs Blow by Forecasts

  5. Forex News

    US sees strong labour, moderate wage growth – SG

Trading Center