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S & P Downgrades Japan One Notch to AA-
As we had expected, the much anticipated FOMC statement provided no really new information. So without this guidance Forex markets have been drifting aimlessly. EURUSD traded between 1.3640 up to 1.3720 while cable chopped around 1.5880 and 1.5940. The key take-away from the FOMC accompanying statement was that the moderate recovery in growth was insufficient to support any meaningful improvement... ...More...
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