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No surprise from US Fed's FOMC statement

Written by Sam Coxhead on December 15th, 2010.      0 comments

8:20 AM (NZT) The US Feds Federal Open Market Committee (FOMC) gave no surprises at the release of the meeting statement this morning. They used identical language on the Quantitative Easing program as they used in November. They acknowledged that the US economy was improving, but said this improvement was insufficient to lower unemployment at this stage. The was debate on whether or not they would talk about the recent elevation in longer term interest rates in the US, but there was no comment on this. The USD was only slightly weakner post statement, but given this month’s volatility, there was nothing in it.
 
          Last 24 hours trade
  Current level Pre-FOMC Chge since FOMC   Low High
NZD/USD 0.7542 0.7543 0.0%   0.7487 0.7577
AUD/USD 1.0012 1.0010 0.0%   0.9938 1.0020
NZD/AUD 0.7535 0.7535 0.0%   0.7517 0.7596
AUD/NZD 1.3271 1.3271 0.0%   1.3165 1.3303
NZD/GBP 0.4773 0.4773 0.0%   0.4719 0.4781
NZD/EUR 0.5623 0.5619 0.1%   0.5587 0.5647
NZD/JPY 62.86 62.86 0.0%   62.46 63.10
NZD/CAD 0.7576 0.7573 0.0%   0.7535 0.7626 
 

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