DXY Declines After Fed Holds Rates, Signals Unchanged Outlook
The US Dollar Index (DXY) fell towards the 103.50 area following the Federal Reserve’s (Fed) decision to hold interest rates at 5.25-5.50%, in line with expectations. Despite upward revisions to economic activity and inflation forecasts, the median projected interest rate remained at 4.6%, triggering a positive market reaction. Key Takeaways: Technical Outlook: Next Steps:
