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Equities and bond yields slightly up, USD slightly down. There are limited moves in the market ahead of Fed meeting. Cautious optimism prevails, i.e. the Fed will probably acknowledge it has started to think about thinking to reduce its asset purchases, but has concluded it is far too soon to proceed. There are many economic reports released in the US today nevertheless and they could have some impact on financial markets. The EUR/USD exchange rate has remained above 1.21 and even edged up.
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