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EURUSD approaches high for the day on “Ambiguous Fed”
The post FOMC statement market has led to a lower dollar. Perhaps the market was looking for more certainty from the Fed. Instead ambiguity was the name of the game. Anyway, the hope for more transparency was met with the same old same old and if that is a reason to sell the dollar, that is ok with me. Chairman Bernanke has the ability to be more forthcoming but for some reason, I don’t expect much.