EM currency appeal shaky despite Fed's attempt to boost risk appetite

By Frank Jackman, Lewis McLellan
30 Jul 2020

The Federal Open Markets Committee meeting on Wednesday delivered little in the way of surprises, making no changes to monetary policy but underlining the Federal Reserve’s willingness to support the US economy by boosting risk appetite in investors.

“In the short term, the Fed is doing everything it can to keep risk appetite supported, and in turn support the global economy,” said a rates analyst at a European bank.

This promise of support, and the support for risk assets, has contributed to a spell of dollar ...

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