The US dollar was hit hard following the Fed’s decision not to raise rates and to maintain a dovish tone via its forecasts and lack of confidence in general. No rush to raise rates meant a rush to sell the dollar, even if markets were leaning towards a “no hike” decision.
But wait, the main reason for holding the rates and lacking confidence was directed at China and other emerging markets, and this is relevant also for the greenback’s peers. Here are 5 central banks that could follow with dovish moves.
Read the rest of the article The Fed was dovish and the rest will follow – 6 currencies to watch