Currency Analyst since 2010

USD rose on the Fed

The Fed said that it sees economic improvement even as it plans to maintain stimulus while it awaits evidence of further gains. EUR/USD and GBP/USD are trading on the downside, while USD/JPY rose to 98.67.

US inflation came lower than expected giving the central bank more flexibility to maintain stimulus. ADP employment report said that American companies hired fewer workers than projected this month (130K vs. about 150K forecasted). 

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