Because of all of the worries and anxiety over the US Federal Open Market Committee’s decision to support the weakening economy, the euro was able to rebound against the dollar and post some impressive gains. In fact, the euro was able to reach a five-month high against the greenback. This came as a surprise to some forex trading investors because the Euro zone didn’t even have strong economic data to bolster its push against the greenback. The EUR/USD pair traded at a low of 1.3246 and a high of 1.3440.
The British pound was also able to strengthen against the dollar with the GBP/USD pair trading at a low of 1.5600 and a high of 1.5714. In the US, both of the stock markets fell: NASDAQ by -0.63% and Dow Jones by -0.2%. Gold was able to increase on its previous record high, closing at $1,292 per ounce. Crude oil, on the other hand, weakened to close at $74.7 per barrel.
