Fed Strikes Dovish Tone, Pledge To Keep Low Rates Until Late 2014

Source: Advanced Currency Markets |

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Market chatter overnight has been dominated by last night’s FOMC meeting, where Fed members struck a noticeably dovish tone. Significantly, the committee pledged to keep rates on hold at their current ultra-low levels until late 2014 – and indeed some members voiced a preference to push that date back another year or two. In addition, Fed Chairman Bernanke clarified that the decision to keep…

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