The Fed upgraded the U. S. economy. The Fed thinks the U. S. economy is strong enough to withstand not one but two interest rate hikes.
Overall the Fed statement was very dovish leading to traders aggressively selling USD.
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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.