USD Fell as Data Disappointed ahead of FOMC Meeting

17 March 2015 17 March 2015

TerrellGeoghega

Disappointing US economic data sent the US dollar lower, amidst expectations that it might "delay" Fed's tightening schedule (there's no firm timetable for the first rate hike, though). A weaker greenback lifted equities, sending the DJIA and the S&P 500 indices rising +1.29% and +1.35% respectively.