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USD drops on the FOMC announcement, rate.....>

DOLLAR
MNI (London)
DOLLAR: USD drops on the FOMC announcement, rate remain unchanged as widely
expected with dot plot suggesting no hike in 2019 (dovish), one hike in 2020.
USD/JPY drops to Y111.20, from around Y111.Y111.50, EUR/USD spikes to $1.1396,
clearing the resistance area to $1.1367 with resistance now seen into $1.1400.
Cable moves back above $1.3200 but struggles to keep pace with EUR/USd due to
Brexit concerns. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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