The dollar stuck to a narrow and predictable trading band ahead of the FOMC announcement on Wednesday, though volatility soon kicked in following the Fed. The dollar initially rallied as the FOMC statement was released, moving up on headlines indicating an improved labor market, and an upgraded economic outlook. FOMC voters were split on either one or two rate hikes by the end of 2015, though at a lowered trajectory, which likely caught the FX market's attention.
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