FXstreet.com (Barcelona) - The Dollar has strengthened somewhat against most currencies, after the release of the Federal Reserve's monetary policy statement, supported by committee member Hoening's vote for a rate hike.
EUR/USD decline from 1.4195 high on Monday has extended below session low at 1.4025, and the pair has reached a fresh 6-month low at 1.4003.
USD/JPY recovery from session low at 89.10 has extended with a 50 pip jump to session high at 90.05. The GBP/USD has moved down from 1.6190 to 1.6140 and back up to 1.6190 shortly afterwards.
The Fed has voted to keep its Funds rate at 0% to 0.25% level while economic conditions warrant exceptionally low levels of the federal funds rate, although Thomas M. Hoenig, against the policy action assessing that financial and economic conditions have changed sufficiently that the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted.