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Hawkish or Dovish will probably be the key
Posted on June 25, 2008
In a few minutes, the FOMC will release their rate statement that s expected to remain unchange at 2.00% because although recent U.S. economic data shows signs of deterioration (remember for example the unemployment rate at 5.5%) market sentiment leads to a near term rate hike becuse of the FED s concern over inflation. Seems quite imporbable a move in rates, but if so, dollar can trigger a very large rally in the following hours, bullish if it s a hike, bearish if it s a cut. But not only a change could trigger such rally, also the tone of the speech, and the number of votes favoring ...
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