The Fed decisions support the dollar in a break below 1.40

By IBTimes Staff Reporter | January 28 2010 1:34 AM

EUR/USD (1.4011)European & US sessions forecast levels: 1.3955/1.4415Trend Sessions: European: Neutral/Downward US: NeutralMarket Focus: 8:30 AM Initial Claims, Continuing Claims, Durable Orders, 5:00 AM EU Business Climate, Consumer sentiment, Economic sentiment. Daily Strategy: The Fed kept the interest rates unchanged at 0.25%. The Fed restated its intention to cease buying $1.25 trillion of mortgage-backed securities in March. The Fed also says that will leave the interest rates at the same level for “extended period”. These news help to the dollar to set a 6-months record level against the euro as break the level below 1.40.

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