Tags : tapering

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Dollar bounces back after Fed announcement

The dollar eased last night against major currencies, as the US Federal Reserve made a significant monetary policy announcement. However, on Thursday it rallied since the decision was already priced in.The Fed finally unveiled its plan to slow its huge bond-buying programme which was introduced at the start of the pandemic. However, interest rates remain unchanged and the Fed has still referred to inflation as ‘transitory’. Although there was a recognition that supply chain issues could last into the new year. Read more.