Forex Flash: FOMC expected to have a dovish bent - TDS

FXstreet.com (Barcelona) - “The market focus remains on the US, and the FOMC announcement,” to be released Wednesday, say London based TD Securities research team. In that respect, they add: “We expect a dovish bent and an outline of LSAPs (large scale asset purchases) for the next 3 months. More attention will also be paid to a lack of a fiscal cliff deal. At this time of the month, it looks likely that the US could go over the cliff in January, but find a quick resolution early in the new year,” the analysts conclude.

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