QE3 Prospects Float Away in US

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Risk appetite was subdued yesterday as the minutes of the US Federal Reserve’s (Fed) latest rate setting meeting revealed little urgency for further stimulus. The minutes showed that a majority of policymakers took the view that further asset purchases would occur only if economic conditions worsened. With the slow pace of EU action fuelling market uncertainty,‎ today’s Eurozone industrial output data for May is expected to indicate a sixth straight annual fall. With little on offer in terms of major macro releases, high yield currencies may trade with a downward bias in today’s trading session.

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QE3 Prospects Float Away in US

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