Dollar jumps on FOMC headlines

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 27, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    The US dollar initially rallied on the Fed decision EUR/USD was trading right at 1.1000 as the crossed on the newswires but it quickly fell to 1.0961. That held the weekly low in the euro (which I highlighted before the decision). After the quick dip, the pair has recovered to 1.0980.

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