Dollar crunched by cautious Fed, bonds and commodities cheer

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Dollar crunched by cautious Fed, bonds and...
 © BusinessMail 2017
By Wayne Cole

The dollar nursed painful losses in Asia on Thursday while sovereign bonds savored their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signaled no pick-up in the pace of tightening.

The euro got an added bonus when returns showed the anti-EU party of Geert Wilders won fewer seats than expected in Dutch elections, soothing fears that public opinion was swinging inexorably towards a break-up of the union.

The sigh of relief was heard across Asia as investors had feared faster U.S. hikes and more political upheaval in Europe...


Dollar crunched by cautious Fed, bonds and commodities cheer


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