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Markets Waiting on the FOMC Accompanying Statement
After Obama induced USD selling, the Forex markets have failed to find a common theme and trading remains volatile. EURUSD has bounced around the 1.3660 to 1.3706 range while GBPUSD has been holding slightly above the critical 1.5720 support. Markets seem to be still digesting the oversubscribed EFSF offering, dismal UK GDP release and US Presidents Obama’s sudden turn toward fiscal... ...More...
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