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FX Update, Wednesday October 12, 2016

Posted October 12, 2016

Under Economic Issues

The USD continued to hover at 7 months’ highs today. This comes as investors awaited the minute’s from the Federal Reserve’s latest meeting amid mounting hopes for a 2016 U.S rate hike. The odds for the December rate hike have passed the 70% threshold. 

Update Courtesy of: Johny Nusbaum | Foreign Currency Trader | Aloris Mercantile Corp | Toll Free: 1-800-298-1231