Asian session – Dollar cements losses after surprisingly dovish Fed
Posted on September 18, 2015 at 7:44 am GMTThe US dollar was left nursing its losses during Friday’s Asian session, after the Federal Reserve kept interest rates at zero and adopted a more cautious tone with respect to future rate moves. The Fed cited global economic and financial developments in keeping interest rates at zero and forecast an even lower trajectory for future interest rate moves. Low inflation also played a role in the Fed’s decision. Weakness in emerging market economies and particularly China was specifically mentioned by [..]