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Daily Video Recap – Market Quiet to Start Week, But Is Smaller QE in Store for Fed?
Written by article default Tuesday, 28 September 2010 13:30
It was a pretty quiet day in currency markets, in that we had mainly tepid movements in our majors. In the EUR/USD pair, slumped slightly as a result of Moody’s downgraded the debt of Anglo Irish Bank, created some fresh concerns about sovereign debt worries. Late in the session , we saw the greenback gain as there was a report that Federal Reserve officials are considering open-ended, smaller-scale bond purchases rather than massive bond purchases with a finite end.