USD Trading Outlook (13-09-2012)
U.S. Dollar Trading (USD) risk appetite remains strong going into the US FOMC meeting decision today with stocks holding near multi week highs. The ECB/FOMC/China monetary policy loosening in recent weeks have really underpinned the global equity rally. Most economists expect the FED to announce a new round of QE and may communicate interest rates to remain on hold until 2015. Looking ahead, FOMC Rate Decision forecast to hold at 0.25% and begin QE3.
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