Dollar Soars as Fed Shuts QE3 Door

As the Fed slammed the door on QE3, the upgraded view on labour markets and diminishing worries of disinflation boosted the greenback, while the maintaining of “considerable time” guidance on low interest rates avoided any bringing forward of rate hike expectations, thus, weighing on bond yields and helping stocks pare their earlier pullback. There was a reason why yesterday we re-confirmed our Premium shorts in GBPUSD, AUDUSD, NZDJPY and longs in USDCHF. Full analysis here

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