Dovish Fed statement heightens dollar bearishness

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Foreign exchange strategists have increased their bearish expectations for the US dollar after a much-anticipated meeting of the US Federal Reserve's Federal Open Market Committee (FOMC) on April 26–27 confirmed the second round of quantitative easing will end in June and interest rates will remain low for some time to come.

"Economic conditions, including low rates of resource utilisation, subdued inflation trends and stable inflation expectations, are likely to warrant exceptionally low levels

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