Key points taken from FOMC meeting

Key points taken from FOMC meeting

Following are key points taken from FOMC meeting, as discussed  between voting members

  • Rates leave unchanged
  • Decision was unanimous approved
  • Taper continue – buying bond by another $10bil to $45bil per month
  • Economy picked up, after having slowed sharply during the winter
  • Consumer demand rising more quickly
  • Labor market indicators mixed but on balance show further improvement

After the meeting, USD/JPY slumped to toward support at 102 but finally pick up and consolidated around 102.20; AUDUSD moved up to test 0.93 and expected to break this level soon; Gold could break up the range 1285-1298.

Market expected to trade within small range to wait for Non-farm payroll report this Friday.

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