Considering the Fed does opt for an additional stimulus program, matching expectations may ultimately offer little for risk appetite and leave the greenback at fair value.
The Japanese yen continued to benefit from its safe haven status this week amid uncertainty in the global economy, but the advance in the currency may begin to lose momentum as governments and central banks aim to take the necessary steps to stabilize their economies.
Currency traders may show little reaction to the Bank of England interest rate decision given the slew of heavy event risk scheduled for the following week.
The latest auction of TIPS -- US Treasury debt with inflation protection -- produced a curiosity. Investors were willing to pay $105 for every $100 worth of inflation-protected notes.
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