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Wall Street declines on QE end concerns

FXstreet.com (San Francisco) - The US stocks market has closed with losses on Thursday as investors were concerned following the Federal Reserve of San Francisco Chairman Williams' comments that said the QE could be reduced by summer and finished by year-end. Economic data was mixed.

The Dow Jones declined 42.47 points or 0.28% to end the day at 15,233.22. The S&P 500 eased 8.31 points or 0.50% to finish at 1,650.47. And the Nasdaq Composite fell 6.38 points or 0.18% to 3,465.24.

Forex: USD/JPY jumps above 102.25 on Williams' speech

The USD/JPY is currently trading bullish following the Federal Reserve of San Francisco Chairman Williams that said the QE could be reduced by summer and finished by year-end.
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Session Recap: The USD recovers ground on QE ending talks

After trading bearish in almost the whole session on mixed economic data, the USD was boosted by the Federal Reserve of San Francisco Chairman Williams' comments that said the QE could be reduced by summer and finished by year-end. Williams is a dove Fed's member.

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