 Investor sentiment was buoyed strongly by Fed's projection of three rate cuts in the upcoming year. This significant dovish turn by the Fed has sparked a wave of investor optimism, propelling the DOW to record-breaking high. This buoyant mood has largely permeated the Asian markets, although Japan has remained an outlier in this trend. Dollar declined broadly after FOMC announcement, and stays as the worst performer in the week. On the other hand, Yen has capitalized further on the falling treasury yields in the US and Europe, emerging as the strongest performer for the week so far. Australian Dollar also found support in the wake of strong Australian employment data, ranking as the second strongest currency following the Yen... |
