Risky assets retreated last Friday on profit-taking, paring the gains made during the week after dovish Fed comments. Following a rate hike in January, the Fed might only increase its policy rate one more time throughout this year, as the latest dot plot suggested. This came in markedly lower than previous expectations of four rate hikes in 2016. In the commodity sector, crude oil prices added more than +2% on weekly basis.
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Weekly Fundamentals – Dovish Fed Lifted Sentiment
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