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Dollar Reaction to FOMC Muted On Balanced Statements

Dollar Reaction to FOMC Muted On Balanced Statements

Paul Robinson, Strategist

Talking Points:

  • FOMC doesn’t shock markets with any major chances in sentiment, a little on the dovish side
  • Rates remain unchanged at 0.25%; Fed says it can remain patient in raising rates
  • Fed also said inflation is expected to be muted
  • USDOLLAR Index on 4-hr chart remains range-bound

USDOLLAR – 4-hr

Please add a description for the image.

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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