FXstreet.com (Córdoba) - The Euro rocked against the Dollar after the announcement of the FED rising from 1.4770 to 1.4842, posting a fresh 12-month high. EUR/USD failed to break above the 1.4840 and currently is pulling back, but remains above 1.4800.

Nick Nasad, currency market analyst with CMS Forex comments about Dollar weakness: From a fundamental perspective, the decline in the Dollar has only a few ways of stalling. We are going to have your garden-variety pullbacks and retracements of course, but unless there is another big shock to the financial system (banks failing, etc) or indications by the Fed that they are ready to raise rate, the greenback should remain pressured.

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