Those in the market anticipating a “hawkish hold” from the Fed would have been left a bit disappointed and the dollar is still struggling to sustainably recover lost ground in the wake of the FOMC announcement. The committee is pointing towards a potential December hike, but the sizeable reduction in the prospective speed of tightening has left the dollar bulls with some consternation. However the Fed has left enough on the table for no-one to be fully in control. This means that there is not likely to be a big trending move against the dollar and the choppy phase of trading looks set to continue. This is where we ... (full story)