Friday, 4 January 2013

EUR/USD closes at 3-week lows after Fed minutes; extra bearish pressure

> Watch more pictures of Gracie at http://daily20pips.blogspot.in/2013/01/wow-heres-gracie-carvalho-looking-her.html
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> The US Dollar was the winner of the day: up against the Euro, Pound, Swissy , Canadian and Australian dollars and posting a marginal 15 pips decline vs the Japanese Yen.
> Two biggest reasons on the back: first, the initial enthusiasm surrounding the US budget agreement faded. And second, the FOMC minutes as several members have suggested the idea of cutting QE or halting it before year-end. At the same time, the majority of members backed the adoption of numerical thresholds instead of calendar guidance.

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