Session Recap: USD broadly weaker in the Fed 'No Taper' aftermath (Córdoba) - The USD trades broadly lower on Thursday after the Federal Reserve surprised markets by keeping its bond-buying program unchanged.

However, the greenback has managed to trim some losses after the sharp slump seen yesterday, correcting from multi-month lows.

EUR/USD rallied over 200 pips and hit a 7-month high of 1.3568 before settling just below. Meanwhile, the GBP/USD also surged to an 8-month peak of 1.6162 but gains were tempered by weaker-than-expected UK retail sales.

USD/JPY has managed to completely erase Fed-inspired losses, climbing back to around 98.90, while the CAD and the AUD hold onto gains at 1.0200 and 0.9500 respectively.

Elsewhere, world shares surged and US futures were expected to open higher after hitting all-time highs in the wake of the Fed's decision on Wednesday.

During the US session watch for: Jobless Claims, Current Account Deficit, Existing Home Sales, Philadelphia Fed Business Outlook Survey, Leading Index.

Main Headlines in Europe:

Switzerland: Trade surplus narrows less than expected in August

Ain’t no party like a Continued Fed Stimulus Party, Stocks, Commodities, JPY, EUR, AUD, NZD gain

Commodities surge as ‘taper off’ leads to ‘risk on’

European open: Markets reflect underlying macro conditions. Just kidding, it's all about the Fed

Flash: FOMC is over. EUR/USD above 1.3500. What’s next? – Commerzbank and UBS

SNB minimum exchange rate stays unchanged in September

UK: Annual Retail Sales rise 2.1% in August

Communication breakdown more important than dovish Fed chairman's decision to maintain dovish policy

Greece: Unemployment Rate down to 27.1% in Q2

Spanish borrowing costs fall at 3-year bond auction

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