20:12CET
I've waited till now to close the day just in case the insane Feds would do something interesting, just for a change, but I was not lucky. Their game of trashing the USDmonopoly continues and the FOMC minutes see the EUR/USD at its best of the day 1.3880, Swissy tanking to 0.9570, etc etc etc. Here's a re-crap (yes, crap) of what they said in the FOMC minutes: (ForexLivge.com) FOMC: More monetary easing appropriate before long * Many noted appropriate to ease if growth too slow to reduce jobless rate or if inflation continued to fall* Many saw saw jobless rate considerably above levels that could be explained by structural factors alone
* Approaches to easing focus on buying Treasuries, steps to influence inflation expectations
* Members unsatisfied with progress toward meeting price stability, full employment mandate http://www.federalreserve.gov/monetarypolicy/fomcminutes20100921.htm
Posted via email from MT4
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