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EUR/USD spikes up after Fed lowered econ forecasts

  • EUR/USD surges after Fed lowers 2015 GDP forecast & up uneployment rate forecast

  • Pair then sets new daily high at 1.1300, reversing earlier dips

  • Choppy action may hold until Yellen speaks, market focus to be on her dot emphasis 

  • DE-US yield spreads hold near recent wides so lift might be short lived

  • Market Data
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