Dollar falls to lowest level against major currencies after the Feds meeting

By @ibtimes on

The dollar fell against the euro to its lowest level in 16 months, where the Federal Reserve Bank kept interest rates steady at its lowest level, the central bank mentioned that the government bonds buying program will be ended next June, which increased the demand for high yielding currencies.

The euro started today's session with an incline against the dollar, as the pair trades around 1.4864 after recording the highest at 1.4880 and the lowest at 1.4784. The pair faces a resistance at 1.4900. The daily momentum indicators show the pair is trading at overbought.

The pound traded higher against the greenback, trading around 1.6725 after recording the highest at 1.6745 and the lowest at 1.6642. The pair faces a resistance at 1.6825. The daily momentum indicators show the pair is in an overbought area.

The dollar/yen pair decreased during the Asian session, as the pair trades around the 81.76 level, recording the highest at 82.25 and the lowest at 81.60. The daily momentum indicators show the pair is in an oversold area.

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