US dollar slumps as Fed lowers forecasts

EURUSD soars after the FOMC statement. S&P500 erases losses and treasuries extend gains after Fed's dovish statement. The FOMC sees no interest rates hikes in this year and one hike in 2020. The central bank plans show asset rolloff to conclude at the end of September. The Fed Fund Futures show increased odds of rate cut this year. EURUSD rise over 1,14 after the decision.
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Chart of the day - EURUSD (26.01.2021)
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