• NY opened near 1.1600 after 1.1617 traded overnight, EUR/USD slid in early NY

• USD buying, US yield gains & USD/CNH lift off its low weighed on EUR/USD

• Rally in oil also helped pressure EUR/USD down, 1.1580 was neared

• The pair lifted slightly as USD buying abated, oil dipped & the Fed decision approached

• EUR/USD fell sharply on Fed removing "easing bias" reference, projected 2026 hike

• USD & yields rallied sharply while stocks, gold and silver traded lower

• EUR/USD fell to 1.1545 shortly after the statement, was down -0.48% into Warsh's presser

• The slide extended to 1.1536 during Chair Warsh's presser as USD buying persisted

• Bears ceded some grornd as USD buying abated, the pair neared 1.1555, was down -0.46%
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)