-
The Fed is more dovish, but USD is still king against these 7 major currencies
The dollar got a big blow from the more dovish tone heard from Yellen and her colleagues, with the dot chart standing out as a sign that rate hikes will be delayed, or at least sporadic rather than systematic. But in the morning after, other currencies had a serious hangover. Why? They cannot really stand on their own. Here is a list of 7 weaker currencies than the dollar. These are all its major peers in the developed world – no esoteric currency is on the list: EUR: The ECB is going all-in on Quantitative Easing. The massive program is going on as planned. But wait, economic indicators are improving in the ... (full story)