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The dollar fell sharply after the closing bell on Wednesday. The dollar index, which measures the currency against its major peers, fell by more than 2.5%. On Wednesday afternoon, the Federal Open Market Committee released its latest monetary policy statement. The Fed removed language indicating it will be “patient” in normalizing interest rates, but said Read More

The greenback nosedived on Wednesday on the back of the Federal Reserve’s policy statement, sparking calls for a correction given its recent rally, but dollar bulls aren’t shying away. “Six months forward, we expect the dollar to be trading 3 to 5 percent above current levels,” said Kathy Lien, managing director at BK Asset Management, Read More

The greenback nosedived on Wednesday on the back of the Federal Reserve’s policy statement, sparking calls for a correction given its recent rally, but dollar bulls aren’t shying away. “Six months forward, we expect the dollar to be trading 3 to 5 percent above current levels,” said Kathy Lien, managing director at Read More

“I think it’s extremely important. What it shows you is the dollar move we had this year is really impacting their (Fed) thinking. They haven’t said that before, but they’re telling you that in their forecast,” said Jens Nordvig, global head of G-10 currency strategy at Nomura. “I think a lot of people were Read More

* Dollar index suffers biggest fall in six years * Fed sounds far less hawkish than expected * USD seen vulnerable to further correction By Ian Chua SYDNEY, March 19 (Reuters) – The dollar nursed hefty losses on Thursday having suffered its biggest one-day fall in six years after the Federal Reserve struck a dovish Read More

The Fed tripped up the dollar’s rally and may have pushed the greenback into a short-term correction with its forecasts for a slower pace of interest rate hikes, strategists say. The dollar index slumped as much as 3 percent in the worst selloff in six years, after a dovish U.S. central bank on Wednesday pared Read More

In late trading, the dollar dropped 1.8 percent against the Swiss franc to 0.9873 franc, earlier hitting a one-week low. It fell to two week-troughs against the yen and was last at 120.75 yen, down 0.5 percent. The euro, meanwhile, hit one-week highs against the dollar and was last trading at $ Read More

(Bloomberg) — Oil extended losses to a seventh day, heading toward a bear market, before U.S. stockpiles data, while the dollar fluctuated ahead of the Federal Reserve’s monetary policy decision. German bonds rallied and Chinese shares surged on bets the government will add stimulus. West Texas Intermediate crude slid 2 percent to $ 42.61 a Read More

(Bloomberg) — The dollar’s surge to a 12-year high is wreaking havoc in the oil market just when it looked like crude prices were finally stabilizing. The CHART OF THE DAY shows U.S. oil futures have resumed their slide after rebounding close to $ 55 last month, as the U.S. Dollar Index increased to the Read More

The U.S. dollar is on a tear amid expectations that the Federal Reserve will hike interest rates later this year against a backdrop of easing in many of the world’s economies, but charts suggest the potential for volatility before the greenback consolidates those gains. The U.S. dollar Index, which measures dollar’s value Read More