Thursday, May 1, 2014

Greenback Widely Offered Post-FOMC, GBP At Fresh Highs

As widely expected, the Fed reduced the pace of its monthly bond purchases by another 10 billion US dollars, reiterating that the low rates are appropriate for “considerable time” after the bond purchasing program ends. USD is broadly weaker across the board; DXY falls to 79.507 for the first time



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