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Espresso Morning Call: USD weakens on dovish FOMC, GDP eyed
Espresso Morning Call: USD weakens on dovish FOMC, GDP eyed

Despite the Fed confirming a 75bps rate hike, the USD has weakened. Viewed as a dovish hike there has been a sigh of relief for broad market sentiment, fuelling gains for risk assets. US Advance GDP will now be eyed as the next risk event.

Markets turning on a reset of Fed rate hike expectations
Markets turning on a reset of Fed rate hike expectations

With the Federal Reserve seemingly not as hawkish as some had been anticipating, there has been a shift in the outlook on major markets. This is impacting forex, indices, and commodities.

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