The Fed was Nervous about China, Dollar Recovery Lags Yuan

U.S. Dollar / Euro (FX_IDC:USDEUR)

FX_IDC:USDEUR U.S. Dollar / Euro

Here we have the Dollar's performance versus the majors after the FOMC announced its hold on interest rates. The initial tumble was felt across the board, but we have since seen a considerable rebound. The exception is the Chinese Yuan/Renminbi. This has been a focus of the market's and Fed's concerns. Is the market seeing global policy actions taken that will innately favor China?

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