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Focus On FOMC

FX markets were steady ahead of key event risk in the North American session today with most majors slightly up against the dollar as traders prepared for the FOMC decision at 16:00 GMT.
In Asia, the Australia CPI data came inline at 0.5% vs. 0.5% eyed having very little impact on Aussie as the inflation news essentially confirmed a steady as she goes monetary policy by the RBA which is seen to be on pause for now at least until December. The Aussie held firm rising to .6875 in European dealing.…
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UDDollar >> Not Impressed by Fed Minutes

Dear Community;U.S. dollar traders were not impressed by the July Federal Reserve meeting minutes. The greenback ended the day slightly lower than were it was before the minutes were released and unchanged for the day against all four of the major currencies - the euro, British pound, Japanese Yen and Canadian dollar. The FOMC minutes showed policymakers split on how soon a rate hike was needed. Some members backed a July hike but others wanted to see more data on the economy and inflation. They…
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Focus Fomc

Good Morning All;the most expected event of the day is no doubt the year’s last FOMC verdict. There are increasing bets that the Fed will drop the “considerable time” phrase, yet give itself enough flexibility regarding the timing of the first rate hike. Indeed, there is no particular need to hurry given the moderate inflation dynamics and the significant slide in oil prices. Some even think that lower oil may entirely stop Fed from hiking rates in 2015, which we believe carries low probability …
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