martes, 18 de junio de 2013

Stay tuned for the FED...

The US Federal Reserve began its regularly scheduled two-day meeting today. Investors are on hold pending the Fed's announcement on what it's going to do with its asset purchase program. If the Fed starts to reduce the size of its monthly purchases, it's good news for the dollar and, conversely, bad news for the peso. If the Fed keeps things as they are, the peso could well strengthen.

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