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Global FX Insights

Not the decision the market was looking for

Next 24 hours: Profit taking, soft ISM inspire Dollar reversal

Today’s report: Not the decision the market was looking for

We come into Thursday with the market digesting the latest Fed policy decision, in which the central bank cut rates for the first time in over a decade, by way of a 25 basis point adjustment. Still, while a lot of what the Fed delivered was expected, it was clear the market was looking for something even more dovish than what it got.   read report

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Wake-up call

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