The FED opted for a dovish stance as the overall tone of their announcement as the Fed left interest rates unchanged and reaffirmed commitment to maintain the current pace of asset purchases. The chairman also made the intriguing statement of “social distancing measures and fast reopening of the economy actually go together and are not in competition with one another.” The chairman has also hinted that the upcoming GDP report release will be the worst one ever. Needless to say – spotlight’s on the greenback!
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