The Dollar showed some strength during Europe session in expectation for the rate decision but weakened to a one-year low versus the euro and the majors after FED Chairman Bernanke said the central bank would end the $1.45 trillion purchases of debt three months later than scheduled. The Dollar managed to erase its losses as a gain in stocks reduced demand for riskier assets. FOMC left the interest rate at its current 0.25% level. NASDAQ and Dow Jones weakened by 0.69% and 0.83% respectively. Crude oil fell by 3.8%, closing at 69$ a barrel after the US Energy Department report showed an unexpected increase in crude oil inventories and fuel demand dropped. Gold (XAU) decreased by 0.6% closed at 1008.15$ an ounce. Today, Unemployment Claims are expected at 548K vs. 545K previously and Existing Home Sales are expected at 5.36M vs. 5.24M prior.
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