US Dollar News: Feds Constraints Route Focus to Inflation and EuropeIn light of the Fed holding the interest rates at 3.50%-3.75% and the Federal Open Market Committee leaving the decision to Chair Kevin Warsh, the USD, EUR, and GBP have all moved in response. Signs of measurabl economic momentum will of course support the idea that the European Central Bank will hold policy steady for the months to follow. Next week's Bank of England meetings will most likely conclude with a policy decision that will not change current interest rates, and the speculations surrounding that have affected the performance of Sterling. The price has moved above the 23.6% of the Fibonacci retracement (100.94) and is currently at the 38.2% retracement (101.04). Support initially lies at 101.04, while support at 100.94 and 100.76 are expected to be more significant.