The sentiment-linked Australian Dollar and New Zealand Dollar soared against the Greenback on Thursday. All eyes were on the last Federal Reserve monetary policy announcement of this year, with markets pricing in a scenario for one 25bp reduction in 2020. Gauging the market reaction, the central bank appeared to not disappoint. This is despite the dot plot signaling rates being left unchanged next year. At his press conference, Chair Jerome Powell highlighted that the central bank would like to see “a significant move-up in inflation” before considering support for rate hikes. This helped to drive dovish expectations ... (full story)