Forex

FOMC kept the interest rate unchanged, in the range of 0% -0.25 %

By Forex-Metal

Asian and European trading sessions:

Euro: During the Asian session the EUR / USD the pair traded in a narrow range of $ 1.3015 -$ 1.3049. The European trading session showed its decline to $1.2930 level where the couple found its low of the daily. The confidence of market participants that Greece and private lenders will not be able to reach an agreement on debt relief fell along with the euro currency The Euro dropped against its major competitors.

British Pound: The GBP / USD couple retreated from yesterday's highs during the Asian session. The pound fell after the report of GDP in Britain, which showed decrease in the 4th quarter by 0.2 % when expectations of a decline were by only 0.1%. The GBP / USD pair recorded its daily low reaching at $ 1.5530.

Japanese Yen: The yen fell against all 16 major currencies after Japan, for the first in 31 years, reported a deficit of annual trade balance in 2011. In details, in 2011 Japan had a deficit of $ 205.1 billion yen. The USD / JPY pair grew to the level of Y78.32 at the European session.

American trading session:

US Dollar: The dollar fell to a new low against the euro and recorded the area of $1.3118 after FOMC of the U.S kept the interest rate in the range of 0% -0.25 % which meant unchanged. According to comments of Federal Reserve on its decision, the interest rate would not be changed at least until the end of 2014.

Oil: The cost of the March futures on U.S. light crude oil WTI rose to 99.77 dollars per barrel.

Gold: Gold prices broke very important level of $1680 and rocketed to a new $ 1712 per troy ounce after FOMC announce a report on interest rate in US.