Forex news for US trading on March 16, 2016:
Fed
Other news
Markets
– S&P 500 up 11 points to 2027
– Gold up $30 to $1263
– US 10-year yields down 5.6 bps to 1.91%
Almost everyone expected some degree of hawkishness at the Fed meeting because of the improvement in February jobs and much better sentiment in markets. Instead, the Fed almost universally lowered its projections and rhetoric. The US dollar was dumped in response.
