XE Market Analysis: Asia – Jul 26, 2017

The dollar was rangebound ahead of the FOMC in N.Y. on Wednesday. The greenback initially bounced, then eased back after the Fed announcement, where rates were left unchanged, as expected. EUR-USD fell to 1.1629 from near 1.1650 before bouncing to 1.1706. USD-JPY meanwhile, topped at session highs of 112.20, then slipped to 111.52 lows. The statement noted that inflation had declined, and the Fed is watching prices “closely,” which was not news, though may have been enough to scare away some dollar bulls.

Source: XE news feed
XE Market Analysis: Asia – Jul 26, 2017