The euro soared higher against the dollar on Wednesday following the Federal Reserve's decision to keep interest rates unchanged and signaled it would take a longer time raising rates.
The single currency hit a 2 1/2 year high against the greenback after the announcement as forex traders increased their bets that economic growth and borrowing costs will increase at a faster pace in Europe than in the U.S.
EUR/USD was trading at 1.1745, its highest level since Jan. 15, 2015, when it traded as high as 1.1793.
The decision was widely expected, with odds for a rate hike only at 3.1 percent. Policymakers, did lay the groundwork to begin winding down shortly the massive stimulus program it embarked on to rescue the economy from the financial crisis.
USD/JPY fell to 110.55, and closed down almost 1 percent. Cable climbed over 0.70 percent to 1.3125.
Before the announcement, the dollar index was nearly flat before the announcement at 94.09. The euro was also relatively flat at $1.1647.
