Fed delivers 'hawkish' 50bp rate cut
FX: The 50bp Fed cut initially led to a softer USD across the board, but most of the reactions reversed during Powell's press conference. GBP, NOK, CHF gained most against the USD in the G10 space, while EUR/USD remains more or less unchanged, just above the 1.11 mark. In the Scandies today's most important event is the Norges Bank meeting.