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EUR/USD: Topside failure at 1.30, FOMC eyed

FXStreet (Bali) - EUR/USD is consolidating around 1.2950 after a topside failure to re-take the 1.30 round number following the boost the Euro recieved on news that China would inject 500 billion yuan into their top 5 banks.

As Jim Langlands, Founder at FXCharts, explains: "USD was then further undermined after the WSJ reported that the Fed’s ‘considerable time’ phrase, which has been the focus all week, is likely to remain in the language of the statement when Yellen advises the market as to when interest rates might be expected to rise."

Jim adds: "We now wait on the Fed, and until then little is likely to happen, although the EU and US CPI will both be closely watched."

AUD/USD finds some buying strength - 2ndSkies

AUD/USD is stuck in ranges, the small one between 9050 and 9112, and the larger one between 8980 and 9112, notes Chris Capre, Founder at 2ndSkies Forex.
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EUR/AUD creating a reversal on the longer term charts

EUR/AUD is trading at 1.4267, up 0.13% on the day, having posted a daily high at 1.4273 and low at 1.4248.
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