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Will FOMC minutes stray from the beaten path? - MP

FXStreet (Barcelona) - Dean Popplewell, Director of Currency Analysis and Research at MarketPulse, expects FOMC to make some noise as the market remains overtly bullish on USD.

Key Quotes

“Today, Fed watchers are looking for elaboration on a number of points, especially employment and inflation.”

“The market will be expecting the usual range of opinions to be offered up – global development and inflation concerns.”

“The varying views are likely to be balanced by discussion of removing the “considerable” period language and downplaying oil related softness in headline inflation (the weak energy prices are also helping – think of it as a form or stimulus).”

“The market remains overtly bullish the U.S dollar, but it has sought a strong enough reason to kickstart the dollar’s next leg higher. Will investors get that reason later today?”

United States Building Permits (MoM) registered at 1.08M above expectations (1.04M) in October

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