FOMC

The USD experienced significant declines against other major currencies during the late American session on Wednesday, due to the Federal Reserve's less hawkish statement and Chairman Jerome Powell's comments being less aggressive than expected. The upcoming economic calendar in Europe will include final revisions to HCOB Manufacturing PMIs for Germany and the Eurozone. Market participants will closely monitor weekly Initial Jobless Claims and Unit Labor Costs data for the first quarter from the US later in the day.