EUR/USD fell considerably on Thursday, as strong GDP growth in the U.S. over the second quarter bolstered.
The currency pair traded between 1.0894 and 1.0990 on Thursday, before settling at 1.0931, down 0.0054 or 0.48% for the session.
As expected, the FOMC kept short-term interest rates unchanged without offering any indications on whether it could begin raising its benchmark Federal Funds Rate later this fall. U.S. short-term interest rates have remained level between zero and 0.25% for nearly six years since the end of the Financial Crisis. Nearly a decade has passed since the Federal Reserve last instituted a rate hike.
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