The dollar is trading softer following a dovish showing from the Fed yesterday, which kept policy unchanged, as expected, but trimmed the 2016 GDP forecast and continued to note that the global picture remained a threat, although acknowledging a more positive domestic picture. While this kept a June rate hike on the table, and Yellen even described the April meeting as being "live", there wasn't the conviction that markets were looking for ahead of the FOMC meeting.
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