FXstreet.com (CÃ³rdoba) - The Dollar soared after the Fed monetary policy decision to leave interest rates unchanged. EUR/USD fell from 1.4235 to 1.4120 minutes after the decision. The pair lost practically all gains it had accumulated during the day but is still far form intra-day low which lies at 1.4085.
According to Nick Nasad, from CMS Forex: The structural long-term difficulties for the Dollar along with the sense that the global economy is on its way to bottoming out has kept the greenback weaker. However, if the US economy shows life, and the non-farm payroll report played into this, and that growth surpasses the pace in Europe, the greenback could see a move back in its favor. A break of that longer-term moving average would help to facilitate such a move.