Asian Session: UK Inflation Report & FOMC
August 12th, 2009 • Related • Filed Under
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The USD traded range bound against most major currencies yesterday, as traders will likely remain cautious ahead of the FOMC decision later today. Risk trades continued to come under pressure as traders continue to reduce risks ahead of the FOMC. US Treasuries continued to trade higher, with 10yr yields falling back to pre NFP levels-11bps at 3.668%. Equities in the US dropped most in a month,… | ||||||||||||||||||||
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