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Fed still supporting US economy disappoint hopeful investors

US dollar fell against major currencies after Fed disappointed investors who anticipated a shift to tighter monetary policy and an accelerated schedule for interest rates increase

By Richard Nehme | June 19, 2014 11:48 BST
Euro continues to benefit from weaker USD
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EURUSD continued to trade within the 1.35’s for the majority of yesterday’s trading session, however after the release of the FOMC data last night the pair have broken key resistance at 1.36 and trade this morning at 1.3620. If the market closes above this position then it does open a new trading range for the currency pair [...]

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