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FOMC provide an early Christmas present to the USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The final full week before Christmas has been dominated by one major event, with the FOMC raising rates for the first time in almost a decade. The Fed hiked rates by 25bps, which had been largely in line with market expectations, while also lowering median expectations for rate forecasts for 2017 and 2018. While many had expected the rate hike, Fed’s Yellen’s rhetoric was somewhat unknown with some anticipating that the release would be more of a `dovish hike`. In a reaction to the rate lift

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