EUR/USD
crumbled to fresh 2-month lows, breaking below several support levels
and quickly approaching 1.0900 as the Fed decided to leave policy
unchanged but left the door open for a rate hike in December.
The
Fed said it will determine if it is appropriate to raise rates “at its
next meeting” after assessing progress toward its objectives of maximum
employment and 2 percent inflation. The Fed also removed from the
statement comments regarding global developments potentially restraining
economic activity and inflation.
EUR/USD
lost around 170 pips after the release and bottomed out at 1.0897 in
recent dealings. At time of writing, the pair is trading at 1.0905,
recording a 1.3% loss on Wednesday.
Source : FX Street
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