EUR/USD falls into 1.0660 as Greenback bolstered by Fed

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• The EUR/USD has rapidly reversed Wednesday’s direction after getting knocked lower by Fed rate call.
• Fed keeps rates at 5.5%, but sees at least one more rate hike by the end of 2023.
• Markets have piled into the USD after the Fed updated its forward-looking rate expectations.

The EUR/USD is sharply off the day’s highs of 1.0735, trading into the low end and chalking in a new low for Wednesday near 1.0650.