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Market participants seem to have taken Fed’s liquidity injections as QE, dragging dollar down. Despite increasing the balance sheet, the Fed’s move should be reassuring investors that funding pressures, at least in the short-term, are lower. Or, should it not? Well, the demand for funding was slower than expected near year’s end.
#USDCHF 2H 02:00
#AUDUSD 2H 04:50
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