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FOMC minutes was the catalyst - FXStreet

FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet explained conditions in the US session.

Key Quotes:

“After spending the day on hold, investors rushed to sell the greenback on a dovish than expected FOMC”.

FED officials show signs of concerns about weak overseas growth and strengthening dollar”.

“Furthermore, the Minutes kept the language indicating the “considerable time” between the end of QE, expected for later this month, and the first rate hike”.

“Stocks welcomed news, with the DJIA up over 200 points after the news, having been flirting with last week lows early on the day, and S&P trading 1.30% up after the news”.

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