Excerpt from:
No turning back after central bankers’ ‘seismic’ stimulus shift
Author: RitaRowallan
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Dovish Fed Weighed on USD, Risky Assets Rose Across the Board
US dollar’s selloff following the dovish FOMC statement supported commodity prices. While removing the “patient” language, the Fed members have revised lower the economic assessment, as well as downgraded real GDP growth and inflation forecasts in the latest economic projection. The Fed also stated explicitly that there would be no rate hike in April.
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Dovish Fed Weighed on USD, Risky Assets Rose Across the Board