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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 18/Dec 13:55

JPY stalls, investors await Fed news

The US Dollar maintains its upside trend from early December lows intact, with the USDJPY trading sideways on Wednesday, as the pair’s reversal from the mid-range of the 154.00s is contained at 153.20, awaiting the Fed’s decision The US central bank is widely expected to cut rates by 25 basis points, but the ensuing monetary policy statement, and, above all, the economic and interest rate projections are likely to show a hawkish tilt. Macroeconomic figures released this week reveal strong economic activity and buoyant consumption levels. These figures are consistent with higher inflationary pressures and will likely prompt policymakers to

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