Day: December 20, 2018

US Dollar Resumes Decline After Bouncing on FOMC Projections

The US dollar was moving lower ahead of the policy meeting of the Federal Open Market Committee but bounced sharply afterwards. Yet coming into the Thursday’s Asian session, the currency resumed its decline. As was widely expected, the FOMC hiked the target range for its federal funds rate by 25 basis points to 2.25%-2.5%. What was really interesting to market participants, were the economic projections and the accompanying statement. According to projections, US […]