The Dovish U-Turn from the FOMC plunges the Greenback

1 min read

The price movement in the USD Majors said it all. The extremely cautious & dovish tone from the Federal Reserve (U.S Central bank) caused huge losses to the Greenback against its counterparts. While the FOMC was optimistic on the robust job creation & domestic economic growth, external factors like U.S-China trade talks, Brexit uncertainty and slowing global economy were hanging on the horizon as dark clouds. All of these have caused the Feds to suddenly adopt a wait-and-see approach as there are no more rate increases expected this year. This is not the first time Feds have taken this route…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.