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The Fed sends the Dollar spiraling lower, attention turns to the BoE now

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    General market theme The Dollar was the main driver of the price action over the past 24 hours as traders were focused on the Fed and their monetary policy meeting that proved to be very important for the US currency. The Fed didn’t raise interest rates and that was to be expected however the press conference that followed the meeting offered fresh information about the domestic economy and the central bank’s outlook. The Fed is concerned about the rate of progress of the domestic economy and

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