SubscribeUS Session: Improved Risk Appetite Following Shaky Press Release Following FOMC
June 25th, 2009 • Related • Filed Under
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Risk appetite receded after initial jobless claims rose to 627k vs. 600k forecasted, fueling the post-FOMC dollar rally. Dow futures pointed lower after the data release. The bearish tone from the Fed’s announcement yesterday buoyed taming expectations of a recovery. The tone in the FX market is mixed with dollar strenth early but somewhat of a reversal as the session progressed mostly due to… | ||||||||||||||||||||
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