DXY - Not Happy About FOMC Today

During the US Government's FOMC press conference we logged a 1% move on DXY, dropping to the previous support level between 102.4 and 102.5. That doesn't mean it can't/won't recover and rally more, but its not looking good in the near term as markets appear to believe the 0.5bp hike signals a weakening dollar.

As with earlier FOMCs, if they don't like how the markets responded you might see a strongly worded press release or other announcement in the coming days that could move the DXY or other markets trajectories.