The US Dollar took a hit following yesterday’s Fed decision, driven by mechanical flows typical after a rate cut. Given the rally to new cycle highs over the past two months, current outflows aren’t surprising—benefiting not just the majors, but especially exotic currencies. Prior to the meeting, the Dollar had held relatively strong despite a […]The post Post-FOMC Weakness: US Dollar Breakdown Continues After 25bps Cut appeared first on ActionForex.