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 are continuing to react to the news late in the US session that the Federal Reserve would be less aggressive than some had expected in its tightening of monetary policy. Indices have popped higher and USD weakened.
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