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USD Recovers Slightly After Yesterday’s Dovish Federal Reserve Statement
Published July 27, 2017
The Federal Reserve left rates unchanged yesterday, as expected
Market participants viewed the FOMC statement overall as dovish, with vague wording on the inflation outlook, and a lack of clear timing around when the Fed will start to unwind its $4.5 trillion balance sheet
Focus is on tomorrow’s Canadian GDP print as potential impetus for further exchange rate movements