The Fed's 25bp rate cut was perhaps not as hawkish as some had feared. The dollar initially sold off on what could be seen as reflationary communication.

Indian share markets are trading lower today, with the Sensex trading 168 points lower, and the Nifty is trading 31 points lower.

The euro slipped as worries about inflation kept the currency under pressure.

In this video, Ira Epstein covers the recent Federal Reserve decision to implement a dovish cut by initiating a $40 billion monthly purchase of short-term treasuries, likening it to a form of quantitative easing.