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Flash: Watch risk profiles for USD reaction post FOMC - UBS

FXstreet.com (Barcelona) - How will the market react after today's Fed meeting? According to UBS Strategist Geoffrey Yu, "we believe that whatever the Fed will say, the key determination to make in identifying dollar's reaction function will be whether the market will be in a risk-on or risk-off mode ex-post, with bond yields and stock indices moving accordingly."

Session Recap: USD soft; Yen stronger on positive Japan exports

USD has eased specially against Yen, on the back of better than expected Japan trade deficit based on fastest imports rise pace since Dec 2010, Japan Fin Min said. USD/JPY dipped to session lows at 95.17 after the news, while AUD/USD also fell to fresh weekly lows at 0.9433.
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EUR/USD range trading around 1.3390

The EUR/USD is trading almost unchanged on Wednesday, hovering over 1.3390 as market participants are waiting for the FOMC statement this evening. ...
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