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Greenback Spikes Around 30 Pips Following FOMC, Paring Gains

FOREX
  • Broad dollar strength following the announcement to increase the taper pace.
  • EURUSD falls from 1.1254 to lows of 1.1222. The trigger for a resumption of the downtrend remains 1.1186/85 with todays highs of 1.1277 the first notable level above.
  • USDJPY back above 114 to highs of 1.1424.
  • With equities bouncing the dollar gains have been somewhat pared, currently approaching pre-announcement levels.

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