US Dollar Lower, Stocks Higher On Powell Comments

Economic data ahead of Thursday’s Fed decision wasn’t going to mean all that much, and this proved to be the case.

We had said economic data ahead of Thursday’s Fed decision wasn’t going to mean all that much, and this proved to be the case, with all of the positive US Dollar momentum from a solid round of US GDP data fizzling out after the Fed Chair said the central wasn’t thinking of raising rates.

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