USD to rebound if Chairman Bernanke can thread the needle
Today’s FOMC meeting result at 18 GMT (2pm local) will be accompanied by updated economic projections and followed by an 18:30 GMT press conference. The message from the Fed today seems in many ways easier to predict than the market reaction, and most market participants would likely struggle to confidently identify correct trades even if provided in advance with the statement and the Chairman’s prepared remarks.
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BNP Paribas