FX round-up: Cable moving back towards post-referendum highs after FOMC

The US dollar fell back sharply in the wake of the Federal Reserve's policy announcement, despite what some observers described as a more hawkish bias in the macroeconomic projections that the central bank published alongside chair Jerome Powell's press briefing. In a whip-saw session in US Treasury debt markets, the yield on the benchmark 10-year US Treasury note first rose as high as 2.94% during Powell's Question and Answer session with reporters and then fell back to trade at 2.88% as of ...

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