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Currency Market Have Remained Predictably Boring Ahead of FOMC
Currency traders have remained in a state of virtual suspended animation the past 48 hours. But with all the other hoopla surrounding Bitcoin and frothy equity markets, currency speculation has been dead money so far this week but perhaps things are about to change or maybe not. To that point, Central Bank( CB) meetings have become all too predictable and boring. In fact, the market fully priced in this Fed December rate hike 4-6 weeks ago leaving traders with little more than CB verbal gymnastics to digest later tonight. And to that end, the FOMC forward guidance has been notoriously unreliable at times while ... (full story)