The Euro rose sharply against the Dollar following the FOMC statement and erased previous losses. The pair jumped to 1.2342, reaching a 2-day high and extended its recovery from 1.2207 (session low). Currently is pulling back and trades around 1.2310/20.
According to Valeria Bednarik at the live coverage of the FED interest rate decision, if the EUR/USD managed to close the day above 1.2350, “chances of a continuation in the next couple of days are quite likely”.
The Euro also recovered ground against the Swiss Franc following the decision. EUR/CHF moved slightly away from record lows but holds below 1.3600.
Against the Pound, the Euro managed to rise back above 0.8200 and currently is testing the 0.8240 zone.