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USD retreats post-FOMC – OCBC

USD retreats post-FOMC – OCBC

Following the Federal Open Market Committee (FOMC) meeting, the US Dollar (USD) softened broadly while risk proxies, non-USD currencies, precious metals, and even crypto assets saw constructive moves. DXY last seen around 98.46 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note…

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USD/JPY bounces back to near 156.00 despite firm BoJ rate hike bets

USD/JPY bounces back to near 156.00 despite firm BoJ rate hike bets