At yesterday's FOMC meeting a lot was said - but traders mostly read between the lines:
good news (but we are not there yet) concerning economic recovery, most members supported tapering last month,
there is a little worry though about deflation which could slow economic recovery or cause new problems
All in all no real reasons to cause new optimism, and the dollar fell slightly after the meeting
The Euro fell quite hard, too - just before the meeting when dollar strength was greatest in anticip…
good news (but we are not there yet) concerning economic recovery, most members supported tapering last month,
there is a little worry though about deflation which could slow economic recovery or cause new problems
All in all no real reasons to cause new optimism, and the dollar fell slightly after the meeting
The Euro fell quite hard, too - just before the meeting when dollar strength was greatest in anticip…