The Federal Reserve announced that it kept key interest rates unchanged and pointed to strong US economic expansion and better labour market conditions, as recent hurricanes had only short-term impact on economic activity.
The Sterling touched the new high against the Greenback after the PMI for the UK manufacturing sector was released.
Gold price increases, as traders anticipate the upcoming FOMC Statement and possible announcement of the new Fed Chair.
Despite a release of better than expected American data, the pair continued to move horizontally between the 100- and 55-hour SMAs.
The Japanese Yen edged lower against the Greenback, following the Bank of Japan's monetary policy report.
The US Commerce Department showed that consumer spending, which constitutes nearly two-thirds of the US economic output, grew 1.0% in September, the strongest gain since 2009, after a modest 0.1% rise in the prior month.
The US Commerce Department showed that consumer spending, which constitutes nearly two-thirds of the US economic output, grew 1.0% in September, the strongest gain since 2009, after a modest 0.1% rise in the prior month.
The Japanese Yen edged lower against the Greenback, following the Bank of Japan's monetary policy report.
Due to Paul Manafort and Rick Gates indictment the Dollar depreciated against the Euro and returned back to the 1.1658 mark.
The Commerce Department revealed that the US gross domestic product marked a 3.0% yearly growth pace in the third quarter, fuelled by higher business investment, while consumer spending growth eased slightly as incomes were hurt by hurricanes.
The Commerce Department revealed that the US gross domestic product marked a 3.0% yearly growth pace in the third quarter, fuelled by higher business investment, while consumer spending growth eased slightly as incomes were hurt by hurricanes.
Due to escalation of the Catalan crisis, demand for the yellow metal increased and the pair returned back to the weekly PP near 1,274.00.
Following ECB meeting, the pair entered into a red zone and has successfully travelled from the upper till the bottom trend-line of a dominant descending channel.
Due to ECB meeting, the Dollar appreciated against all major currencies, including the yellow metal yesterday.
Disappointing data on the US pending home sales caused little changes in the USD/JPY exchange rate.
The National Association of Realtors revealed that there was no change in the number of pending home sales in September.
According to Mario Draghi, the ECB decided to cut the asset purchase program to €30 billion/month but simultaneously extend it to another nine months.
Wednesday's trading session resulted in a breakout of the exchange rate from the falling wedge pattern.
Despite a release of positive data on the US Durable Goods Orders, the Euro continued to rally against the Dollar yesterday.
The Commerce Department showed that the US durable goods rose 2.2% for the month of September, owing to higher demand for transportation equipment.
The Commerce Department showed that the US durable goods rose 2.2% for the month of September, owing to higher demand for transportation equipment.
The yellow metal is trading against the buck in recently formed falling wedge formation.
After failing to break above the 100-hour SMA near 1.1780, the pair slipped back to the 55-hour SMA at the 1.1757 level.
The Dollar was dragged slightly against the Japanese Yen after the disappointing PMI reports for the US.