The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar.

The Euro dropped yesterday afternoon from 0.04% to 0.8326 against the pound, but it has appreciated slightly against the Swiss franc (+ 0.23% to 1.2108).

However, the upward trend of the Euro against the Japanese Yen continues, while the Bank of Japan intervenes again to limit the strength of its currency.

Yesterday, the FOMC (the Monetary Policy Committee of the Fed) decided to keep rates at the current low levels until the end of 2014, as had already been announced earlier this year. The statement from the US central bank also mentions a “moderate” expansion of the economy and a significant decline in unemployment. It has in fact adhered to the good guidance of the latest statistics, including job creation which well above 200,000 has been recorded each of the past three months. Nothing suggests any new unconventional monetary policy, at least in the short term.

Meanwhile, the Fed said the stress tests conducted on twenty major U.S. banks in assumption of a recession have proved favourable for 15 of them. More positive results than the same tests carried out in recent years, which suggests an improvement in the soundness of credit institutions USD.