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FED to Support EUR?
It’s that time again, the Fed to the rescue or not? Helicopter Ben and his buddies will either make a few happy or disappoint and make many happy. The net dollar longs have had a tough battle so far this week. Weaker US economic data coupled with deteriorating financial market conditions has boosted expectations for some Fed support announcement at the end of today’s two day policy meeting. Current market momentum demands an answer. Investors expectations have been running on full steam and require help as they are about to hit that brick wall. Financial markets are likely counting on an extension of Operation ... (full story)
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