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USD: Trading The FOMC Minutes - Views From 15 Major Banks
The following are brief expectations forthe FOMC minutes from the Junemeeting as compiled from the related research reports of 15 major banks. Overall, they're looking for clues on: 1-the timing of the balance sheet reduction plan,2-the concern over the weaker "transitory" inflation data. On the USD front, the consensus seems to to downplay to the June minutes as a major market mover, while seeing risk-reward leaning slightly to favor USD modest recovery this week. SocGen Research:As for the ‘big event’ of the FOMC Minutes, we’ll see how they pitch the debate about normalisation against a backdrop of strong ... (full story)