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FOMC Minutes: Some more patience - TDS

According to analysts at TD Securities, the latest FOMC minutes overall suggested that Fed officials were starting to become more cautious on the outlook and path for policy at the December meeting.

Key Quotes

 “It is suggesting that Powell's press conference ended up being more hawkish than the consensus view on the FOMC.”

FX: The minutes reaffirm Powell's pledge to be patient and are likely to extend the recent move in FX markets. We remain biased to sell USDJPY rallies within a broad 105/110 range.”

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Australia’s NAB Online Retail Sales Index (NORSI) accelerated in November (+0.9% mom s.a.) slightly relative to October (0.7%) while the 12 months to
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Oil prices slip after 5 percent surge

Oil benchmarks are reporting moderate losses at press time, having surged 5 percent on Wednesday. Both WTI and Brent picked up a strong bid yesterday
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