Wednesday October 31, 2007 - 20:45:35 GMT
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FX Blog: Market Snapshot Far East Open
GVI Market Snapshot-- Far East Open
- USD closing lower heading after the FOMC decision to ease rates by -25bps.
- Fed policy statement was balanced.
- Traders had been set up for a -25 bp Fed rate cut. Post-decision trading was unusually volatile.
- The commodity currencies and others closing sharply firmer vs. the JPY.
- Equities traded higher.
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