The Traderszone Network

Published in TZ Latest News 18 November, 2015 by The TZ Newswire Staff

BoA/ML say the USD decline since the FOMC Minutes reflects positioning

Bank of America / Merrill Lynch on the FOMC Minutes and move in the US dollar
This is via eFX
 The October FOMC
minutes covered a wide-range of views among the Committee, with
arguably a few more dovish comments than the market anticipated.
Nonetheless, “most” Fed officials thought the conditions to hike “could
well be met by the next meeting.” Specifically, the cumulative
improvement in the labor market and reduction in global risks should
give many FOMC voters great confidence in the outlook.

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