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Welcome to countdown. It has gone 6 a. M. In london. Lets talk about the fed and what they did and did not do and with the did two markets. No change in interestrate from the Federal Reserve. That was generally expected although there was that risk it would flag. The dollar index fell and it is still weak. The dollar index down by. 3 of a percent in the trading session. The feds inaction has weighed on the greenback this year, that is the subtitle that goes along with this chart showing how the dollar has fallen and is having trouble making any headway of toward the feds inaction and weighing on the dollar. There was some hawkishness around the shortterm trajectory. Youll see expectations of a hike in december have been pushed up to above 61 . Asian markets have responded to the no change decision from the no change decision. Up shy of 1 . The fed did cut back on its expectations for hikes in 2017. Bringing that down from three t ....
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