Fed Sent Stocks to Records and Weighed Down Dollar, Canadian Dollar Shone Dollar ended the week generally lower except versus the Japanese yen and Aussie even though Fed continued with tapering of the asset purchases. Markets seemed to have ignored the slight upward revision on FOMC member's rate forecasts, but were more focus on Yellen's message of keeping rates low for extended time. The sentiments also sent stocks higher with DOW and S&P 500 hitting new record highs while keeping long term treasury yields in range. In the currency markets, Canadian dollar was the strongest one as the upside surprise in inflation data prompted speculation that BoC would shift away from its neutral stance. The Swiss franc was the second strongest one after SNB kept policies unchanged. Sterling extended recent rally against dollar and Euro but ended the week mixed overall. Aussie was the weakest, just followed by yen. Full Report Here... |   
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