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BoJ Maintains Negative Rate Policy and Hints More Rate Cuts; USD Higher Ahead of Fed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The greenback is gaining momentum ahead of Fed policy meeting while euro is subdued despite the 7‐year high of Eurozone’s Industrial Production. The BoJ left kept the negative rate policy and hinted that may cut rates further or loose their QQE program while the pound declined ahead of the Annual Budget Report and the BoE policy meeting. USD traders wait for Fed policy meeting tomorrow The U.S. currency was seen broadly stronger on a quiet Monday without macro drivers but ahead of the Retail

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