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18 Sep 2014
A bid greenback post FOMC – FXStreet
FXStreet (Guatemala) - Chief analysts at FXStreet, Valeria Bednarik explained that Investors are happy buying the dollar.
Key Quotes:
“That’s the easy conclusion after latest FED meeting, as the US Central Bank trimmed $10B as expected from their QE, confirmed the last $15B will be cut next October, and maintained their statement pretty much unchanged from previous one on July”.
“There was no change in the wording, with rates likely to remain low for a considerable time, and the slack in the labor market still being significant”.
“They have discussed how policy will return to normal, the from now on known principles of normalization that the FED has discussed and will likely adjust from those specified back in June 2011”.
Key Quotes:
“That’s the easy conclusion after latest FED meeting, as the US Central Bank trimmed $10B as expected from their QE, confirmed the last $15B will be cut next October, and maintained their statement pretty much unchanged from previous one on July”.
“There was no change in the wording, with rates likely to remain low for a considerable time, and the slack in the labor market still being significant”.
“They have discussed how policy will return to normal, the from now on known principles of normalization that the FED has discussed and will likely adjust from those specified back in June 2011”.