FX Daily

The main event is expected to be the release of the minutes from the 18-19 June FOMC meeting. The message was surprisingly hawkish in the sense that Bernanke was very explicit in indicating that QE tapering could start later this year and possibly be terminated as soon as mid-2014. Some FOMC-members have since attempted to soften the message in statements, so it will be interesting to see to what degree there is consensus among the FOMC-members. Fed chairman Bernanke will also be speaking this evening.

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