USDX vs Fed's USD Index

This week's Fed decision to tone down its FedFunds projections closer to those of the bond market sent the US dollar falling by its biggest 2-day decline since 2009. The US central bank finally realizes it is unable to isolate itself in an island of higher interest rate expectations and an appreciating currency as the other major central banks race towards negative interest rates. The Fed is set to leave that Island. Full article.

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