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Forex News Recap (9/21) : FOMC Statement Leaves Door Open for QE, Dollar Pressured

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Published on Sep 21, 2010

In the Fed's statement policy makers showed concern about the low levels of inflation and left the door open for more quantitative easing, but didn't agree to any steps right now. The knee-jerk reaction was to sell the Dollar in currency markets and we saw broad dollar-weakness as a result.

News Provided by CMS Forex
http://www.cmsforex.com
Forex Market Analyst: Nick Nasad

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