EUR/USD
The euro held near one-week highs against the dollar on Wednesday after investors avoided the greenback ahead of the Federal Reserve's decision on interest rates and monetary policy due out later in the session. On Thursday, in the euro zone, Germany is to produce preliminary data on the consumer price index, which accounts for the majority of overall inflation. The country is also to release a report on the change in the number of people unemployed. The euro edged up against the U.S. dollar on Thursday, to trade near a one-week high as sentiment on the greenback mildly weakened ahead of the Federal Reserve's highly anticipated policy statement due later in the trading session.
GBP/USD
The pound edge higher against the dollar on Wednesday after the Federal Reserve said it was closing its monthly bond-buying program and stressed it noticed improvements taking place in the labor market. The Federal Reserve said earlier it was leaving its benchmark interest rate unchanged at 0.00-0.25% and said it was closing its monthly bond-buying program in a move widely expected by markets.
USD/JPY
The dollar was up against the yen on Wednesday after the Federal Reserve said it was closing its monthly bond-buying program and stressed it noticed improvements taking place in the labor market. The dollar fell against the yen on Thursday in Asia, easing gains made overnight on the Federal Reserve decision to end its bond buying program with other regional currencies mixed.
