FX Markets - A Brief Assessment

[FED, FOMC] The Fed again clearly reaffirmed its commitment to remain generous, i.e. asset purchases will continue at the current pace (at least), basically exactly what markets were looking for. Bottom line: Powell keeps his finger on the trigger, now it's the government's turn.

[EURUSD] The EU euphoria [recovery fund] has largely been priced in, and with COVID-19 infections returning in Europe, EURUSD may well become more sensitive soon. If it weren't for the market's penchant for spurning the USD.

STAY TUNED...