EUR-USD extended post-FOMC declines, logging a new low for the week at 1.0942 in Europe. USD-JPY rallied to a fresh nine-day peak at 124.33. EUR-JPY also rebounded from a three-day low as the yen underperformed amid a backdrop of mostly firmer global stock markets as the Fed left the door to a September rate hike open without spooking equity investors. The Nikkei 225 index closed nearly 1% higher, and although China’s markets dove in late trade, European markets rallied. See summary.
[EUR, USD]