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FOMC minutes: expected to be hawkish - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted the FOMC minutes coming up.

Key Quotes:

"The minutes of the December FOMC meeting should provide some important context for gauging the Fed’s thinking on the post-liftoff monetary policy stance.

We expect the tone of the report to be broadly hawkish reflecting a growing confidence in the outlook for the economic recovery, however, the market will be particularly interested in gauging the level of commitment to the current tightening path.

The markets will also be looking for any indication of an emerging consensus on the timing for the next move on rates."

AUD/USD: minor recovery lacking convition in thin mkt

AUD/USD has been chasing its tail along the downside in the broader theme of things, it has managed to stage a run at 0.7200 in a recovery of the lows yesterday at 0.7096, but failed at the 100 SMA on the hourly at 0.7190 today.
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