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The dollar weakened on the release of the Fed statement, as fresh projections now show higher inflation and lower growth. USD/JPY and G10FX/JPY traded heavy along with bids in the front-end of the Treasury curve, the 2s10s steepened on the day.
Despite the new innovation of information, USD/MXN is trading back above 20.0, additional market sources noted hedge funds selling after the FOMC, but this was countered. They note that this could be due to cross-MXN flows influencing the dollar-peso quote.
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