XE Market Analysis: Europe – Jul 30, 2015

The dollar has traded firmer in the wake of the FOMC statement, which was near expectations in indicating continued moderate growth in the economy and “solid” gains in jobs, so keeping September in play for rate lift-off without spooking equity markets. The S&P 500 closed 0.7% for the better, and the positive sentiment passed over to Asia, including China. EUR-USD, meanwhile, was driven back below 1.1000 as the dollar rallied, extending to a new low for the week at 1.0955 in Asia, and USD-JPY edged out a nine-day peak at 124.19.

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