The market is tense toward the decision of the Federal Reserve. Yellen is expected to strike a more dovish tone and her colleagues are likely to lower the path of rate hikes in the dot plot. But is this already priced in for quite some time? It seems that only extreme dovishness can really hurt the US dollar which is expecting only a gradual backing down from hikes, even if this time no change is expected. We detailed which currencies can win and which could lose on a hawkish Fed. Also watch out for US inflation figures as well as the UK budget amid a plunging pound.
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