Dollar Index falls on dovish FOMC

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The US Dollar Index weakened considerably this week, currently trading at 94.80, erasing the initial gains at the start of the week. It was a confluence of both technical and fundamentals as the US Dollar Index retreated off the minor resistance level as the FOMC meeting saw US interest rates staying unchanged at 0.25% - 0.50% while the Fed lowered its projected rate hike and inflation outlook to ...


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