€/$ € 6-month low yesterday, moving as low as $1.4021. Concerns over eurozone recovery persisted following a positive tone from the US Fed Reserve.

• In early trading, the pair held relatively steady as the market awaited news from the Fed's latest policy decision.
  
  
• The euro steadily weakened though with both European and US stocks opening lower.
  
  
• At the end of its two-day meeting, the Federal Open Market Committee kept rates unchanged, as expected, but also said that it intended to end some emergency lending and asset-buying programmes.
  
  
• Having dipped briefly dipped below $1.40 in trading this morning, the euro has recovered slightly, after Obama did not make any strong remarks about the bank regulation plan.