USD Trading Outlook (30-01-2013)
U.S. Dollar Trading (USD) risk assets gained overnight at the expense of the Dollar after US Q4 company earnings continued to beat estimates. S&P500 rallied to fresh five year highs ahead of the FOMC rate decision later today. The recent run of good economic data and climbing Treasury yields is leading some analysts to bring forward their FED timetable to normalize US monetary policy. Looking ahead, FOMC Rate announcement forecast at hold at 0.25%. Also Q4 GDP Advance forecast at 1.1% vs. 3.1% previously.
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