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Wall Street closes down on Fed tapering concerns

FXstreet.com (San Francisco) - The US stocks market declined on Wednesday as investors were concerned on the possibility of the Fed tapering the QE in the short term.

The Dow Jones declined 106.59 points or 0.69% to 15,302.80. The S&P 500 eased 11.70 points or 0.70% to 1,648.36. And the Nasdaq Composite lost 21.37 points or 0.61% to 3,467.52.

EUR/USD steadies into the NY close

Following a volatile day with USD weakness as the main feature, most pairs in the FX market have settled into the New York session close.
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Session Recap: USD falls across the board on Fed and recovery concerns

The Greenback declined on Wednesday as the likelihood of the Fed tapering its current stimulus programme plus concerns about global growth were weighting on investors’ sentiment. The EUR/USD advanced to test the 1.2980 and to close above the 1.2900.
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