Global forex market
MARKETS took a net dovish stance on the Federal Open Market Commission (FOMC) announcement late Thursday as the FOMC left the target federal fund rate unchanged at 00.25%. More importantly, FOMC member projection for interest rates (dots projection) turned out to be more dovish than expected – median rate projection for end-2016 and 2017 have been revised down by 25 basis points to 1.625% and 2.875%.
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