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Published on Wednesday, November 22, 2017

Market Comment | USD depreciated ahead of FOMC minutes

The rally in US stock markets paused momentarily ahead of the release of the Fed’s minutes and the Thanksgiving holiday. US stocks were little changed, as were US Treasury yields. On the other hand, the USD declined after Janet Yellen warned that too fast monetary policy normalization could prolong subdued inflation (see). Lower-than-expected US core […]