The dollar also held onto its post FOMC gains against the euro and ended not far from its daily lows against the British pound. As much as we believe that the Federal Reserve’s discussions about an exit strategy changes little in terms of their timing of an exit, from a technical and sentiment perspective, the central bank’s clearly outlined plan has helped the dollar. This means that the dollar’s rally could last but just because that may be the case does not mean that investors will start flocking into the greenback in size.
http://www.fx360.com/commentary/kathy/5467/usd-up-on-fomc-minutes-but-will-the-rally-last.aspx
Comments