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USD Strengthens Across the Board After FOMC Meeting Minutes
The FOMC meeting minutes that came out on 4/3 US trading at 2:00PM EDT reads less dovish than expected, as fewer members than in January said there was need for additional stimulus if the economy loses momentum. It undermines the markets recent expectation that QE3 was closer after Bernanke's comments to start last week. The USDollar Index shows a USD-positive reaction to the FOMC meeting minutes that came out on 4/3 US trading at 2:00PM EDT. The 1H chart shows the market rallying sharply, breaking above a declining trendline going to the 80.72 high from March 15 2012. Other signs of reversal: pushing above the ... (full story)
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