The US Dollar is posting some gains against other major currencies. However, the greenback is still facing strong headwinds despite the modest comeback. Wednesday’s Federal Reserve meeting culminated with the central bank pledging to maintain its current dovish stance and demonstrating increasing concern over the trajectory of the US economic recovery. This posture from the Fed hinted at a willingness to accommodate higher inflation, in order to stimulate the economy, meaning there may be more downside risk ahead for the Dollar.
