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💱📉Dollar Down On Wednesday Session As Fed Delivers

Writer's picture: Rosbel DuránRosbel Durán
  • The dollar index dropped by about 0.4% on Wednesday as the Fed raised interest rates and the dot plot signaled a higher long-term target in the EFFR

  • Almost all G10FX posted gains vs the USD, these were led by scandies and antipodes. The yen dropped vs the dollar by 0.38%

  • The dollar seems to be disconnected with the money market expectations, as we noted here, the USD has some headwinds.


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