US Dollar drops modestly after FOMC statement. As expected, Fed left interest rate unchanged and repeated almost the same statement from the previous meeting. EUR/USD remains in negative territory for the day, off lows. The EUR/USD pair rose from moved to the upside after the Federal Reserve released its statement. The pair peaked at 1.1675 up from 1.1660. It was hovering around 1.1670, steady, in negative territory and 20 pips above daily lows. As expected, the Fed left interest rate unchanged at 1.75-2.00%. In the statement, among the few changes, upgraded household spending from “has picked up” to has “grown strongly”. The central bank sees strong economic growth. Attention now turns to the White House that will make an announcement at 19:30 GMT on Chinese tariffs. According to Dow Jones reports, US President Trump will announce a 25% tariffs on China, up from 10%. EUR/USD Levels to watch To the upside, resistance levels might be located at 1.1675, 1.1700 (Aug 1 high) and 1.1725 (downtrend line). On the flip side, support could be seen at 1.1645, 1.1610 and 1.1575. 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 GBP/USD spikes to 1.3131 on Federal Reserve on hold at 1.75-2% FX Street 5 years US Dollar drops modestly after FOMC statement. As expected, Fed left interest rate unchanged and repeated almost the same statement from the previous meeting. EUR/USD remains in negative territory for the day, off lows. The EUR/USD pair rose from moved to the upside after the Federal Reserve released its statement. The pair peaked at 1.1675 up from 1.1660. It was hovering around 1.1670, steady, in negative territory and 20 pips above daily lows. As expected, the Fed left interest rate unchanged at 1.75-2.00%. In the statement, among the few changes, upgraded household spending from "has picked up" to… 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.
