AUTOREFRESH 
Heavy EUR/USD sales after FOMC statement
Traders report a cartload of EUR/USD was sold by a German name after the Fed statement. EUR/USD dropped to 1.4520 from around 1.4575. Ugly, typical post-FOMC price action.
There is a little something for everyone in the Fed statement. The FOMC affirmed that it allow many of its liquidity programs to expire on February 1, including swaps with other central banks that were used to provide USD funding during the crisis.
Here are the details:
In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve’s special liquidity facilities will expire on February 1, 2010, consistent with the Federal Reserve’s announcement of June 25, 2009. These facilities include the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility. The Federal Reserve will also be working with its central bank counterparties to close its temporary liquidity swap arrangements by February 1. The Federal Reserve expects that amounts provided under the Term Auction Facility will continue to be scaled back in early 2010. The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remain set at June 30, 2010, for loans backed by new-issue commercial mortgage-backed securities and March 31, 2010, for loans backed by all other types of collateral. The Federal Reserve is prepared to modify these plans if necessary to support financial stability and economic growth.
More exciting has been the eurnok cross today
EURUSD session Low @ 1.4508