EUR/USD (a 4-hour chart)
The U.S. dollar fell against some major currencies after the U.S. Federal Reserve met expectations and left its monetary policy unchanged.
The Fed will continue to buy bonds in the same amount until the unemployment rate remains high at low inflation. Fed's statement has not changed from the meeting on 18-19 June, however, the dollar fell against the euro and the Japanese yen, as some market players were disappointed that they did not see a specific time frame to minimize the economic incentives.
Sales of the U.S. dollar are a knee-jerk reaction on the part of some investors who had expected that the restriction will begin in September.
Earlier, before the publication of the Fed, the U.S. dollar strengthened on the data on employment and GDP, which increased expectations that the Fed will begin to curtail incentives this year. In July, the U.S. private sector added 200,000 jobs, compared with expectations of economists 183000. U.S. GDP in the 2nd quarter is 1.7% against the expected growth - 0.9%.
The negative news for the dollar is that consumer confidence fell in July and retail sales in June were well below expectations.
Now investors will expect employment data on Friday. Economists suggest that the Non Farm Payrolls in the United States in July increased by 183,000 against 195,000 in the previous month.