💱Euro/US Dollar FX Spot Rate
EURUSD
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Suspected Japanese intervention weakens USD, pushing EUR/USD higher; Fed holds rates, adding to USD pressure.
EUR/USD extends its gains on Thursday as the Greenback remains under pressure after the Federal Reserve left interest rates unchanged at 3.50%-3.75% on Wednesday. The euro reached a six-week high amid suspected Japanese intervention that further weighed on the dollar. Traders also digested a busy batch of US economic data following the Fed's decision.
Suspected Japanese intervention weakens USD, pushing EUR/USD higher; Fed holds rates, adding to USD pressure.