USD In Focus After the FOMC Statement

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The much-awaited FOMC July meeting is finally behind us, and it brought some new twists to the Fed’s overall monetary policy. 
Once again, Fed’s Chair, Jerome Powell, gave a brilliant performance, highlighting the risks ahead during the pandemic.
What is new is that for the first time since the pandemic started, the Fed ties the economic recovery to the length of the virus. Up until now, the Fed did recognize the virus as an exogenous…

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