USD Under Pressure – Commodities Bid


The FOMC announced “No Change” in rates, however “Patience” and “No Transitory Inflation” have gone. Now we have “Uncertainties increased” , “will act as appropriate to sustain expansion” , “muted inflation” and Bullard splitting from consensus and voting for a 0.25bp cut. USD tanked.

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Stuart Cowell

Head Market Analyst

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