Forex – Dollar continues to suffer post-Fed fallout

The dollar (USD) continues to suffer from last week’s relatively dovish policy statement from the US Federal Reserve and a recovery in risk assets, such as equities. Though the quarter point hike in the Fed funds rate to 5.25 pct was expected, the rate-setting Federal Open Market Committee cautioned about the outlook for growth. In [...]

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FOMC – Softer tone, but tightening bias retained

The US Federal Open Market Committee unanimously decided to raise interest rates by another 25bp during last week monetary policy meeting, taking the fed funds rate to 5.25%. More interestingly, the statement language was a notch more dovish than expected. While the FOMC does not promise anything for the August meeting, the overall message is [...]

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