U.S. Forex Market Commentary |
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EURO The euro lost marginal ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5515 level and was capped around the $1.5610 level. Traders eagerly await the outcome of today’s Federal Open Market Committee interest rate decision. Most traders believe the Fed will reduce the federal funds target rate lower by 25bps to 2.00% and is likely to move towards a more neutral policy stance from its current expansionary stance. The common
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