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Forex: EUR/USD eases off highs to 1.2939/40

FXstreet.com (Barcelona) - The EUR/USD has fallen off recent session highs at 1.2979 during US trading Wednesday, following the news on the Fed. As expected, the FOMC policy meeting delivered few surprises. The Fed reaffirmed its bond buying program and kept the pace of asset purchases steady at USD $85B per month. In these moments the pair is still trading positively at 1.2939/40, advancing +0.57% above its opening.

According to the Mataf.net Analyst team, after piercing resistance at 1.2946, additional means of correction can be found at 1.3021 onto 1.3073.

“Uncertainty about the plight of Cyprus looks set to hang around for a while, leaving the EUR/USD a little vulnerable. The fact the Cypriot finance minister is in Moscow for talks has buoyed hopes of some sort of deal with Russia. However, note that any deal would still have to be accepted by the Troika before a proper bailout package can be offered. We expect EUR/USD sellers to emerge around 1.3050 while Cyprus uncertainty remains.” writes the BNZ Research Team.

Forex: US Dollar Index hovering over 83.00

The US Dollar Index, which tracks the greenback against its major competitors, is trading back to the 83.00 level on Wednesday, lifted by the FOMC statement...
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Forex Flash: GBP inflation is secondary to economic recovery in UK – ANZ

Concerns about sterling’s weakness and inflation are subordinate to the need to stimulate economic activity, fix the banks and get the economy going. According to the ANZ Research Team, “If there are no meaningful demand-pull or cost-push drivers of inflation, then any rise in the CPI as a result of sterling's slide will be temporary and the BoE can ease policy further.”
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