In the view of the analysts at Standard Chartered, the US dollar risks further fall despite Wednesday’s less dovish FOMC monetary policy statement.
Key quotes
“FOMC policy statement Wednesday “hawkish relative to expectations”.
The market expected the Fed to provide more forward guidance, more info on QE.
But that is not enough to stop selling of the dollar, as low US real and nominal yields, an abundance of liquidity reduced need for a safe haven.
These will continue to weigh on the US dollar. “
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