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Forex: Patient means considerable period means dollar largely unmoved

The Fed changed the language in their statement, as many were suspecting, but not the meaning. Apparently, they will be patient in normalising policy, with this being consistent with their previous pledge of keeping rates low for a “considerable period”. Next meeting, they may be patient for a considerable period, which will have markets even more confused. After the initial volatility, the dollar has settled little changed from pre-meeting levels.

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