Speculation surrounds FOMC meeting for clues on possible dollar rally

federal reserve

Currency analysts are eagerly awaiting the outcome of this week's meeting of the US Federal Reserve's Federal Open Market Committee (FOMC), and the first-ever FOMC press conference on April 27, in the hope it will give some indication of what will happen when its second round of quantitative easing comes to an end in two months' time.

Federal Reserve chair Ben Bernanke has taken a leaf out of the European Central Bank's book by inaugurating regular press conferences to explain FOMC decisions

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