FXstreet.com (Barcelona) - As expected, FED unanimously decide to keep the Fed Funds rate unchanged at the 0.25% to 0% range, yet the FOMC statement was more dovish than expected triggering a massive sell of dollars all across the board. Taking another step in it's quantitative-easing program, the FED is clearly developing a more aggressive approach to keeping longer-term yields low and stabilizing credit markets in the U.S. FED buying treasuries, send stocks higher and lift market sentiment, sending investors quick to high-yielding currencies.
Euro and Gbp continued rising after American session close, with Euro as high as 1.3534 and Gbp to 1.4334. Swiss Franc also appreciated far beyond pre intervention level, and quotes at 1.1376, very close to the 38.2% of the weekly Fibonacci rally 1.0368/1.1967. Japanese Yen rebounded just around the key 95.50 level, also base of a descendant channel clear in 4 hours charts. Majors are quite over bought against greenback; expect some corrections before longer term continuation of actual rallies.