FOMC Minutes: No Rate Hike in April; Yen Surged After Kuroda's Easing Bias; Euro Eyes 1.1500

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FOMC minutes released that policymakers split for the decision to raise interest rates in April, plunging the dollar. The sterling slumped mainly for technical reasons while the biggest beneficiary of the day was the Japanese yen after BoJ Kuroda’s statement that further easing steps will be taken if it's needed. The euro had a range-bounded session again with traders expect today’s Draghi speech to determine direction. Fed will not raise rates in April FOMC minutes of March’s 15-16 policy

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