3 Reasons Why Dollar Sold Off Post FOMC | BK Asset Management
July 28, 2021 Daily FX Market Roundup 07.28.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against most of the major currencies on the back of the Federal Reserve’s monetary policy announcement. EUR/USD rose to its strongest level in nearly 2 weeks while USD/JPY dropped back below 110. Interestingly enough, Fed Chairman Powell did not appear overly concerned about Delta. In the press conference he said, “What we’ve seen is with successive waves of COVID over the past year and some months now, there has tended to be less in the...
Source: bkassetmanagement.com