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Dollar Eases Despite Hawkish Fed Hike, What About the ECB and BoE?
The Dollar's 7-day advance ended on the day the Federal Reserve announced a heavily-anticipated 25 basis point rate hike. Unexpected Aussie and Kiwi Dollar moves along with the ECB and BoE rate decisions ahead will fill in where the Greenback fell short. •The Fed announced its third rate hike in 2017 to a median of 1.375% and maintained forecasts for a further 3 hikes in 2018 •A Dollar slide due to full anticipation accentuates remarkable climbs for AUD/USD and NZD/USD - Aussie and Kiwi are tearing higher •Event risk remains heavy for the next 24 hours with the EU Summit (Brexit debate) along with the ECB and ... (full story)