Dollar & Bond Yields Slide After FOMC Folds

The dollar is the highlight among price action following The Fed statement, tumbling back below its Oct 30th pre-FOMC levels. Bond yields are sliding lower also and stocks have reflexively rallied modestly…

A big drop in the dollar…

Source: Bloomberg

And bond yields are sliding…

Source: Bloomberg

As algos lift stocks back above VWAP

With the rate-trajectory signaling no rate-cut until at least Dec 2020…

Source: Bloomberg