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Dovish FOMC - Will the USD slide continue?

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Market analysis of the latest FOMC meeting from Saxo Bank's Head of FX Strategy John Hardy who explains why a complacent market was not perhaps fully prepared for the more dovish than expected tone.

John talks though his latest thinking on rate hikes, EURUSD and the dollar itself: "It is very clear that the Fed prefers to lean on the side of caution and that it is far easier to play catch up than it is to risk signalling something prematurely." he says.

The dollar's slide could well continue unless stronger US data emerges or an unexpected Greek headline risk makes an impact.