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Dollar index (USDX) continues to lose ground after Fed decision

The dollar is now losing more ground. The USD/JPY has fallen further below 151.00 and the EUR/USD has now lifted above 1.09. The GBP/USD is lifting to around 1.2775 and so the USD index (USDX) has fallen back quite hard this evening. The index topped out earlier today at 104.14. It is now falling below 103.50. That is quite some move lower and of course the charge higher in stocks, to record levels and lower US bond yields are fuelling this move. Perhaps when it comes to stocks the move is a little irrational, but right now the bulls seem to need little excuse to press the BUY button this evening. 

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