Global Forex Market
RISK appetite improves after the US Federal Reserve vows to support the virus-battered economy, sending the dollar to a two-year low of 93.39, down 1.11% week-on-week (w/w).
While the decision to keep interest rates unchanged at 0%-0.25% was expected, the Fed reiterated its commitment to keep rates at zero bound “until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals”.
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