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Explore the Impact of Inflation, Rates, and Targets on the US Economy
US dollar MARKET UPDATEIn March the US dollar weakened against the Euro in terms of London closing rates, moving from 1.0612 to 1.0863. In addition, the dollar weakened versus the yen, from 136.15 to 132.90. The FOMC, at its meeting in March hiked the fed funds rate by 25bps to 4.75%-5.00%, following 450bps since March of last year. The FOMC has also continued with its policy of reducing its securities holdings with QT ongoing at a pace of USD 95bn worth of UST bonds (USD 60bn) and MBS (USD 35bn...
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Posted: Apr 28 2023, 08:35
Author Name: forexlive
Views: 081978