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Central banks’ money pump depreciates USD

All Central European currencies appreciated after the surprising outcome of yesterday´s Fed meeting

By Richard Nehme | Sept. 20, 2013 11:27 BST
Euro continues to benefit from weaker USD
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The largest traded pair by volume, EURUSD, saw a strong Euro rally early yesterday, which comes as no surprise considering the outcome of the FOMC meetings. The pair rose to a high of 1.3570, its highest level since February. This move was tempered very slightly by strong unemployment and home sales data in the US, with the pair stabilising its gain and opening today at 1.3532 [...]

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