Forex Blog by Greg Secker

The Euro, U.S. dollar and U.K. pound are lower against yen after the Fed’s statement. The Euro is showing strength this morning. Having opened at 1.4690 it is currently up at 1.4759 mark. GBP/USD has taken a dive this morning, having opened around the 1.6325 mark it is currently struggling at 1.6324. JPY has also dived rapidly this morning and is currently around the 90.54 level. Investors remain bearish on the dollar because they believe sluggish consumer spending may slow the pace of recovery in the U.S economy.

Due for release today there is USD Existing Home Sales, NZD Trade Balance, JPY Japan Meeting Minutes.

By Greg Secker