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Published on Sep 22, 2016
The
Federal Reserve passed on a possible rate hike and also downgraded its
forecasts on the U.S. economy and future rate hikes. The Dollar weakens,
stocks and oil rise.
The EUR / USD currency pair has risen back up into its area of long-term equilibrium to reach above the 1.1200 level.
The
USD / JPY currency pair fell quite sharply, but has been bought quite
emphatically just above 100 which seems to be very supportive.
The GBP / USD currency pair is in a long-term bearish trend, but found support close to 1.2940 and is currently being bid.
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