Not much has changed. They left the door open for more rate hikes. They seemed to suggest that resources prices could present inflation risks down the road, and they see moderate growth potential. There is still a very good chance that they'll raise rates
More Quotes from Mike Malpede:
Iran may be moving out of European banks, but no one knows where Iran will move its money and no one knows the size of Iran's reserves. So you can't really make an intelligent trade on the news.Mike Malpede
The yield differential is going to limit any real upside for the euro right now.
Mike Malpede
He's back-tracking his past statement and he's trying to clarify through the media, which makes him look a little bit less credible. If you have a Federal Reserve board chairman that looks less credible, that could be considered dollar negative.
Mike Malpede
There have been rumors in the currency trade that there maybe more changes and possibly John Snow may be replaced and that could lead to speculation that the administration may want to change the dollar policy, which I think is far-fetched.
Mike Malpede
We are still focused mainly on the potential that the Bank of Japan has decided to officially end its intervention. This is helping to boost the yen,
Mike Malpede
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