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US$ down as Fed disappoints hawkish traders

It falls up to 1.1% against S$, euro and yen; market turns to US fiscal policy and ECB for direction

Published Thu, Mar 16, 2017 · 09:50 PM

Singapore

CURRENCY investors are now looking to US fiscal policy and the European Central Bank (ECB) for direction after the US Federal Reserve appeared less hawkish than expected.

The US dollar fell against major currencies on Thursday after the Fed's March policy statement showed policymakers sticking to the same expected pace of rate hikes in 2017.

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