The U.S. dollar was softened by data that reporter GDP in the second quarter only grew at 1.2% against expectations that it was going to grow by 2.6%.
Recent Reports
The price of crude oil declined to its lowest level in three months as stockpiles build and production sails ahead with no regard for market forces. (Although that is approach can be complicated.
The opening paragraph of the FOMC’s press release says it all. Our italics indicate the highlights: