XE Market Analysis: Europe – Sep 21, 2017

The dollar has opened in London about 1% higher following the Fed’s announcement yesterday, which confirmed the start of a QT program, as had been widely anticipated, but showed via the dot plot that another rate hike is in the works before year-end followed by another three hikes in 2018. The BoJ subsequently announced unchanged policy, recommitting to ultra-accommodative policy settings, while a new board member argued that further easing may be necessary.