CMS Forex - The dollar fell against its rivals Thursday following yesterday's FOMC misguided decision to keep its target for the federal funds rate unchanged at 2.0% without any indication of when the easy monetary stance will be removed. Despite recessionary conditions in the US, the Fed should hike rates, as the negative real fed funds rate just leads to commodity inflation and stagflation. Stocks fell 3%, commodity prices rallied and gold surged the most in 16 months.