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DXY Dented as Fed Outline New Policy Framework

DOLLAR

The USD dropped sharply upon release of details of the Fed's new policy framework, with the Fed unexpectedly bringing forward the adoption of the new average inflation targeting policy.

EUR/USD rallied sharply, briefly showing above the $1.1900 mark in response, with equities and US Treasury futures gaining in tandem.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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