Tuesday, 11 September 2012

Moody's Budget Warning Drowned Out by FOMC Buzz


While Moody's latest comments about the US fiscal situation produced some weakness in the dollar, "it is hard for the market to think that far ahead right now, with the FOMC meeting just days away," says Masafuni Takada at BNP Paribas. The euro is up 0.5% at $1.2822, according to EBS via CQG.

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