Most of the economists gave A to Janet Yellen despite the fact that Fed's failed to tighten financial conditions. Three raises of interest rates since the end of 2016 didn't affect the economy at all - stock market keep going up, the dollar has not appreciated and investors don't believe that Fed is serious. Questions that arise today is that whether FOMC will repeat BOE mistake? Dowish interest rate hike can put bears in action and lead to further depreciation of the dollar. Today we are going to get an answer to this question...
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Dollar nurses losses after Fed keeps outlook unchanged. FOMC wasn't Hawkish at all - result in a weaker dollar.