In a note to clients today, Goldman Sachs discusses its stance on EUR/USD going into tomorrow's FOMC meeting, where GS is taking a different view from the one shared by many market participants who expect the FOMC to remove or substantially modify its forward guidance that the funds rate will stay at its current level for a “considerable time after the asset purchase program ends. A different stance on FOMC: "...The committee would keep the existing guidance in place this week. It would drop the phrase “after the asset purchase program ends” but keep the “considerable time” language in October, provided the ... (full story)