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USD nowhere ahead of FOMC statement

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Tuesday, the dollar held tight ranges against the euro and the yen. The US currency was under slight pressure early in the session as Chinese equities nosedived, but rebounded (temporarily) as European and US markets decoupled from China and as oil rebounded. In a broader perspective, the swings in USD/JPY and EUR/USD were again insignificant. The US eco data, consumer confidence and Richmond Fed manufacturing survey, were OK but largely ignored. EUR/USD closed the session at 1.0870 (from

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