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Forex Flash: Focus on the FOMC today - Deutsche Bank
FXstreet.com (Barcelona) - Jim Reid, of Deutsche Bank notes that the FOMC meeting statement at 7pm London time is the main focus of the day.
He writes, “Markets will have to read between the lines as there won’t be a Bernanke press conference to follow this time. In short, DB’s Peter Hooper is not expecting much out of the statement today and the Fed will most likely pass on making any major changes in their guidance to markets. The tone will likely be slightly more dovish given the recent softening in activity and inflation data but with things not yet weak enough to warrant a change in their policy stance.”
