Extended its previous week’s gains last week as the Greenback was pressured by a dovish FOMC Statement, while Greece had its first successful bond auction since 2014. The pair began the week declining on Monday after German Flash Manufacturing PMI printed at 58.3 versus an expectation of 59.1, while EZ Flash Manufacturing PMI showed a reading of 56.8 compared to 57.3 anticipated. The rate consolidated at a slightly higher level on Tuesday after Greece held its first successful bond auction since 2014, with a yield of 4.625% versus 4.95%. Also, the German Ifo Business Climate index printed at 116.0 compared to a consensus of 114.9, the highest reading for the index since 1997. U.S. numbers had U.S. CB Consumer Confidence, which showed a reading of 121.1 versus 116.5 expected. On Wednesday, the pair gained sharply after making its weekly low of 1.1612 as the FOMC left the benchmark Federal Funds Rate unchanged at <1.25% as was widely anticipated. The Statement was a repeat of the May Statement, with some minor exceptions: “The Committee expects to begin implementing its balance sheet normalization program relatively soon, provided that the economy evolves broadly as anticipated; this program is described in the June 2017 Addendum to the Committee's Policy Normalization Principles and Plans.” Also, that “job gains have been solid”, which replaced “job gains have moderated” in the FOMC Statement text. The rate then declined after making its weekly high of 1.1776 on Thursday after U.S. Durable Goods Orders increased by +6.5% m/m, almost double the expectation of +3.5%, while Core Durable Goods Orders increased by +0.2% m/m, compared to a consensus of a +0.4% increase. The pair resumed its rally on Friday despite U.S. Advance GDP, which increased by +2.6% q/q versus +2.5% expected; however, the Advance GDP Price Index increased by only +1.0% q/q versus an expectation of +1.3%. Also, German Preliminary CPI increased by +0.4% m/m versus +0.2% anticipated. EUR/USD closed at 1.1746, with an overall gain of +0.7% for the week.