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Greenback Decline Extends As FOMC Press Conference Begins

USD
  • Hints towards a slower pace of hikes going forward within the statement continues to weigh on the greenback and that weakness is extending as Chair Powell begins talking.
  • Notable declines have been seen in USDJPY, now registering 1.65% losses on the session.
  • With the equity markets well underpinned, the likes of AUD and NZD are also seeing strong gains in the region of 1.5%.

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