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Dollar Breakout Fails to Hold Gains While S&P 500 Returns to Record Highs After Hawkish Fed

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This week’s most heavily anticipated event risk – the FOMC rate decision – proved more hawkish than what was accounted for in the market. Nevertheless, the Dollar failed to hold onto its rally while the S&P 500 resorted to its typical risk appetite bid. What should we watch for now?

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