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 response to the statement, the Fed funds futures now attach a 65 pct of another rate hike in August, down on 80 pct predicted before.
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