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EUR/USD steadies in bullish territory ahead of the Fed
EUR/USD is sitting tight as investors await the outcome of the Federal Reserve this week while investors fret over a potential slowdown in the pace of interest-rate hikes from December. Analysts at TD Securities look for the FOMC to deliver another 75bp rate hike and say the decision will bring policy to a level at which the Committee might feel more comfortable in shifting to a steadier hiking pace. ''The exact timing, however, will highly depend on the CPI data before the Dec meeting. Powell might offer some hints in the post-meeting presser.' Looking forward, for December, the fed funds futures market has priced ... (full story)
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