FXstreet.com (Barcelona) - The FOMC decided today to leave unchanged its funds rate at 0.25% as industrial production, housing starts and employment have continued to decline steeply, as consumers and businesses have cut back spending, as well as the Committee expects that inflation pressures will remain subdued in coming quarters. FOMC expects a gradual recovery in economic activity will begin later this year.Fed is prepared to buy longer-term Treasury securities if evolving circumstances indicate such transactions would be particularly effective in improving conditions in private credit markets. US Government will continue purchasing large quantities of agency debt and mortgage-backed securities to provide support to the mortgage and housing markets.USD and Dow Jones reacted positively. Wall Street is growing above 8,350 pts, winning 177 points today. EURUSD is falling quickly after the FED decision, touching the 1.3105, the low of the day. USDJPY is climbing up to 90.75, the session's high.According to Nick Nasad, analyst at CMS Forex: I think risk appetite is fueling a bit the Dollar strength, which seems sort of paradoxal in terms of the EUR/USD, but from the way price action was behaving the last two session, the EUR/USD looked ready for a dip... the EUR/USD is responding with a knee-jerk Dollar strength as well as the USD/JPY.