All Things Forex Trading Room: What’s Next for the USD after the FOMC Meeting?

In the trading room today: Is a Fed Taper Already in the USD Price? In the aftermath of the Fed’s decision to reduce the size of its monthly asset purchases to $75 billion, we examine the strengthening of the USD and explore what the future might have in store for the greenback’s exchange rate against the EUR and other major currencies, we analyze the test of a support area for the EUR/USD currency pair, we take a close look at the GBP/USD pair, we note the new multi-year high for the USD vs JPY, we highlight the market’s reaction to the FOMC monetary policy announcement, the U.K. Retail Sales, the U.S. Jobless Claims and Existing Home Sales, we discuss new forecasts from BNP Paribas and UBS, and prepare for the trading session ahead.

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