The FOMC Statement and the Federal Funds Rate will be announced today at 8:15pm GMT. Below there are some analysts’ comments on the matter.

Analysts at Barclays Bank Plc note that the Federal Reserve may underline today that it’s going to continue the current quantitative easing justifying such policy by high unemployment rate and sluggish inflation. As a result, US mid- and long- term yields as well as dollar, especially the pair USD/JPY, may find themselves under pressure.

Currency strategists at Nomura believe that more time has to pass before investors will make out whether the US economic recovery is sustainable enough to drive up yields. As soon as American economy begins improving, the county’s investors will become more eager to take risks and go overseas looking for higher yields. As a result, the demand for the greenback will diminish and the currency will remain weak.

Specialists at UniCredit say that the single currency may keep trying to climb to the key resistance at 1.35. However, today’s data and event can create a threat for euro. Investors shouldn’t forget that the euro zone’s problems are far from being solved, claims UniCredit.

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