Forex: EUR/USD falls to 1.4000, 6-month low after FOMC

 @ibtimes
on January 27 2010 2:39 PM

FXstreet.com (Córdoba) - The Dollar is rising sharply across the board following the decision of the FED regarding monetary policy. EUR/USD fell to 1.4000 reaching a 6-month low. The pair has an important support at that zone and Dollar could gain momentum if EUR/USD falls below.

Euro is fighting strongly with 1.4000 area, if it holds under 1.4030, seems we have some chances of a break, Valeria Bednarik said at the Live Coverage of the Fed Interest Rate decision at FXstreet.com.

The Federal Reserve's Monetary Policy Committee has decided by 9 votes to 1 to keep its Funds ate on hold at 0.% to 0.25 %, as economic conditions allow to maintain exceptionally low rates for an extended period.

.

Share this article

More News from IBT MEDIA