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Markets in wait-and -see mode ahead of the FOMC - Societe Generale

FXStreet (Łódź) - Kit Juckes, Global Head of Currency Strategy at Societe Generale observes that stock markets have calmed this week after the recent volatility.

Key Quotes

"(They are) waiting to see how the volatility of recent weeks will affect growth and thereafter monetary policy."

"The ECB's AQR has been and gone, leaving participants wondering what to focus on."

"Today sees the start of a 2-day FOMC meeting that is widely expected to leave the policy statement largely unchanged, but to finally put bond purchases to bed."

EUR/GBP dreams of 0.79, but…

EUR/GBP opened the day at 0.7876, and slowly drifted higher, posting 0.7891 intraday high in early Europe.
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BoJ unlikely to accelerate monetary easing this week - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ comments on the BoJ monetary policy meeting, which takes place this Friday and isn't expected to bring accelerated asset purchases.
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