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Fed leaves interest rates unchanged- EUR/USD bounces again

The US Federal Reserve have just announced the outcome of their policy meeting decision. As expected by the markets the FOMC (Federal Open Market Committee) have left their Fed funds rate on hold, with the current 5.25%-5.5% band remaining unchanged. The dollar was rising ahead of the announcement, having pared back earlier losses. That was most noticeable versus the Euro. Earlier the EUR/USD rose from a session low at 1.0522, back to as high as 1.0571. It was trading at around 1.0530 ahead of this news. The accompanying statement has also remained unchanged  and hence not exactly a hawkish hold that some had feared. Hence the EUR/USD is rebounding again, just now lifting to 1.0550. However, the markets will now be watching out for whatever emerges from the usual post decision press conference at 6.30pm GMT. The EUR/USD is just now trading 1.0543
 

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