Dollar Reaction to FOMC Muted On Balanced Statements

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

--- Written by Paul Robinson, DailyFX Research

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