Dollar to its lowest level after FOMC yesterday

Dollar to its lowest level after FOMC yesterday

The Dollar slumped on broad-based selling after the FOMC left its interest rate unchanged at 1.25%. The Fed said that it would cut its massive bond portfolio very soon and that inflation remains persistently below target. The Dollar Index (USD/DXY) fell 0.61% to close at 93.517 (94.098 yesterday), it’s lowest level in more than a year.