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Dollar slips further on the day as European traders enter the fray

March 22, 2018/0 Comments/in Forex_news, Uncategorized Echo_9 /by euitsols

The greenback weakens further following the FOMC meeting overnight

EUR/USD and GBP/USD are at session highs respectively, meanwhile USD/CHF and USD/CAD are at session lows.

No related news, mainly a continuation from the overnight movement that we saw after the FOMC meeting. The dollar was sold as the market focused on the fact that the median dot plots for this year remains at three rate hikes and Powell offered little in terms of encouraging more rate hikes (beyond the three expected) in the coming meetings.

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