North American markets will try to keep calm and carry on, as they await the Fed's key rate announcement on Wednesday. No changes are expected to be announced to the $85 billion monthly bond buyback at the meeting. However, a survey by Bloomberg showed that many economists expect the easing program to be tapered to $65 billion in September. Markets have been reflecting this information for several weeks now.
The economic and financial calendar is full this week, with numerous companies announcing corporate earnings. In addition to the Fed, several other central banks are also meeting this week, including the ECB and the Bank of England. Lastly, U.S. jobs figures will be released on Friday. Wishing you a great day! Rana Karim
Range of the day: 1.0250-1.0320
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NBC Daily Forex : July 29, 2013
Published 07/30/2013, 01:35 AM
Updated 05/14/2017, 06:45 AM
NBC Daily Forex : July 29, 2013
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