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FX Update: This week in FX was watching paint dry. Not so next week
Outside of solid AUD volatility, this has proven a boring week in FX, assuming today’s US PCE inflation print doesn’t move the needle for the US dollar. Next week should be a different affair, with the next batch of important US data and three important central bank meetings, including the FOMC meeting on Wednesday and the Bank of England and ECB meetings up the following day. The market feels dangerously complacent. FX Trading focus: Market extremely complacent ahead of important macro risk calendar next week. More potential for ECB and BoE to impact expectations for next six months than the Fed. Yesterday saw a ... (full story)