Players have one week before the meeting the U.S. Federal Reserve ceased active operations. The euro / dollar is the fourth session of trading in a narrow range 1,305-1,31. Investors are waiting for new measures to support the American economy - their nature and will depend on the direction of currency movements.
At the same time say that these measures are a complete mystery to the market, it is impossible. In particular, in recent days, the press periodically appeared on the news that the U.S. will be increased taxes for the rich and lowered - for the middle class. In addition, America is going to finance the construction of infrastructure. But all is not monetary measures - such actions only indirectly affect the exchange rates.
It seems that the Fed's decision was not a bolt from the sky, before it was common message of the National Bureau of Economic Research, United States (NBER) that the recession the U.S. economy ended in June 2009. This organization is an official "arbiter" in determining the boundaries of economic cycles in the U.S.. According to the report NBER, the Commission decided to assume that the spread of business activity in the economy of the United States occurred in June 2009. This marked the end of the rotation period of recession that began in December 2007. And the beginning of a period of economic growth.
In principle, these messages are quite enough to justify the omission of the Reserve at the upcoming meeting: the recession ended, the economy is stimulated, and the new monetary measures can wait. Therefore, expect massive sales dollar is not worth it. Most likely, nothing will remain, at least in the near future.
