EUR/USD eyes 1.3500, Fed unchanged

FXstreet.com (Edinburgh) -The buying pressure in the single currency is now gathering speed as the Fed decided not to taper its stimulus programme, lifting the EUR/USD to the vicinity of 1.3480.

EUR/USD boosted by passive Fed

Ben Bernanke delivered a more dovish tone than expected. The Fed has announced that its QE programme remains unchanged, stressing that further decision on tapering would be contingent with the outlook. In addition, many members see the first rate hike in 2015, later than the previous estimates at 2014.

At the moment the pair is up 0.86% at 1.3474 eyeing the psychological mark at 1.3500 as the initial hurdle.