FOMC meeting: No change as expected, delivers a dovish message. DXY hits fresh two-years lows and then rebounds, still negative for the day. The USD/CHF erased recent losses and is trading back above 0.9130. Following the FOMC meeting, it bottomed at 0.9116, the lowest level since 2015. Fed leaves policy unchanged, Dollar down and up The Federal Reserve, as expected kept rates unchanged, offering no surprises in the statement. During the press conference, Powell mentioned high-frequency data shows a slowdown in the pace of the recovery. He said the central bank will do what it can for as long as it takes. Initially, the greenback tumbled, hitting fresh monthly lows across the board but during the last minutes it reversed. The DXY bottomed at 93.18, the new two-year low and the rebounded trimming losses. It is hovering around 93.50. Technical levels The USD/CHF still holds a strong bearish bias and is about to post the seventh daily decline in a row. Now the immediate support is seen at 0.9110/0.9100 and below at 0.9070. On the upside, resistance levels might be located at 0.9155 (July 28 low), followed by the daily high at 0.9185/90. 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 loses some if its shine after Powell comments FX Street 3 years FOMC meeting: No change as expected, delivers a dovish message. DXY hits fresh two-years lows and then rebounds, still negative for the day. The USD/CHF erased recent losses and is trading back above 0.9130. Following the FOMC meeting, it bottomed at 0.9116, the lowest level since 2015. Fed leaves policy unchanged, Dollar down and up The Federal Reserve, as expected kept rates unchanged, offering no surprises in the statement. During the press conference, Powell mentioned high-frequency data shows a slowdown in the pace of the recovery. He said the central bank will do what it can for as long as… 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.
