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Forex Trading Reaction to the Federal Reserve

Posted by Joseph Trevisani on Mar 20, 2013 2:54:00 PM

The dollar pushed higher after the Fed statement and economic projections, with the euro bottoming around 1.2930-35 and then rebounding modestly to pre-decision levels around 1.2950-55. As expected, dollar-yen saw a stronger lift, with the pair topping out at 95.92 before retreating to  levels around 95.85.

 

MNI & WWM

Charts: Bloomberg

Eur/Usd 5 Minute

eur resized 600

Usd/Jpy 5 Minute

yen resized 600

 

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