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What Is the Fed Waiting For?

posted by Avatar trade2win 1325 days ago in USD, Fundamental made popular 1325 days ago

Before the US stock markets opened Tuesday morning, the Federal Reserve announced a plan to buy commercial paper directly from issuers in yet another attempt to unfreeze the credit markets. Although this led to a rally in US stocks, USD/JPY and other carry trades, the rally was short-lived. Having been up as much as 165 points intraday, the Dow Jon
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