The EUR/USD came under strong bearish pressure in the last minutes as the Greenback gathered strength following the Federal Reserve’s policy statement, which was not as dovish as anticipated. With the US Dollar Index jumping to its highest level since May 2017 at 98.42, the EUR/USD pair crashed below the 1.11 mark and touched its lowest level in more than 26 months. Following the initial slump, the pair recovered a small portion of its losses and was last seen trading at 1.1110, losing 0.4% on the day. Markets are now waiting for FOMC Chairman Powell to deliver his remarks on the policy outlook. You can follow the live coverage here. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD drops 0.40% on Fed one-and-done cut FX Street 4 years The EUR/USD came under strong bearish pressure in the last minutes as the Greenback gathered strength following the Federal Reserve's policy statement, which was not as dovish as anticipated. With the US Dollar Index jumping to its highest level since May 2017 at 98.42, the EUR/USD pair crashed below the 1.11 mark and touched its lowest level in more than 26 months. Following the initial slump, the pair recovered a small portion of its losses and was last seen trading at 1.1110, losing 0.4% on the day. Markets are now waiting for FOMC Chairman Powell to deliver his remarks on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
