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Currency Market Analysis

Global Themes

A central-bank-beset U.S. dollar flirted with two-week lows Thursday. The Federal Reserve’s more upbeat statement this week failed to light a fire under the dollar as officials remained mum on when they would raise borrowing rates for the second time since December. The Fed’s statement indicated that short-run risks to growth had diminished, seemingly paving the way for a rate hike by year-end. The Fed appears to have diluted its rate hike messaging, seemingly not wanting to unleash another bout of economy-squeezing strength in the dollar. Moreover, with the Fed meeting out of the way, market

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