By Christopher Romano — Jul 27 - 03:05 PM
Adds EUR/USD chart
EUR/USD limped higher in Europe, pair spiked up to 1.0172 on EBS in early NY
Lift aided by equityESv1, commodityHGv1 gains & EUR/JPY rally to 139.075
Pair then fell; US$, yen buying emerged, 1.0097 intra-session low hit on EBS
Pair bounced sharply, turned positive and sat near 1.0125 ahead of the Fed
Fed hikes 75bps, makes note of some weakness in the economy nL1N2Z71DY
US$ spiked down after the statement, EUR/USD rallied towards 1.0160
Some comments from Powell presser taken dovishnW1N2WO02D; US$ & rates fall
EUR/USD pierced the 21-DMA then hit 1.0212 on EBS late in the session
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary