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Dollar slips a little after Fed remains on hold - check out the EUR/USD

The US Federal Reserve policy voting committee; the FOMC have just decided to keep all their benchmarks on hold, with the Fed Funds rate remaining in between 5.25% and 5.50%. This was very much the expected outcome and as such it has not surprised the markets. However, the policy statement that has immediately accompanied the decision is has not been changed to that of a more hawkish bias. Some analysts had expected something of a change there and it has not materialised. The Dollar has slipped a little on this and the GBP/USD is now back above the 1.25 handle, but the EUR/USD is still south of 1.07, despite moving a little higher on this news. The markets will probably now wait to see what the Fed boss, Jerome Powell has to say in his 6.30pm GMT press conference. The EUR/USD is currently trading at 1.0693
 

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