about 34 minutes ago
By: XE Market Analysis
The dollar continued its post-FOMC weak spell. EUR-USD lifted to a 13-day high of 1.1119. The Fed statement stated that near-term risks to the economy had reduced, but expressed no sign of urgency to tighten. This was followed up by forecast beating German labour and Eurozone ESI sentiment data today, joining German Ifo business confidence and preliminary Eurozone PMI data showing that the fallout from the UK's decision to leave the EU is mostly impacting UK economic activity.