Currency market positions continue to shuffle ahead of US Fed - Investec

FXStreet (Delhi) – Research Team at Investec, note that with the Federal Reserve's monetary policy meeting later this week, currency markets continue to shuffle positioning ahead of the looming event risk.

Key Quotes

“While it is unlikely the Fed will raise rates at this meeting, the accompanying statement should give sufficient clues as to whether the voting members are still thinking about a 2015 first hike at December's meeting, or whether softer data abroad is enough to warrant a further wait and see stance.