A response to the Federal Open Market Committee and Powell’s press conference from an analysts at a bank that has to remain unnamed.
- says the FOMC was more dovish than they expected
- which supports risk appetite, commodity FX
- weighs on the US dollar
- on EUR/USD says risks more balanced, major headwinds in the eurozone … on balance today’s FOIMC reduces downside risk for the EUR
Hard to argue with any of that really, and markets are way ahead of this note with their response already.