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10 Apr 2013
Forex: EUR/USD stays below 1.3100 after Fed minutes
FXstreet.com (Córdoba) - The EUR/USD remained steady near daily lows after in an unusual move, the Federal Reserve released the minutes from its March 19-20 meeting at 13:00GMT instead of the usual 18:00GMT.
EUR/USD had dipped to a fresh daily low of 1.3064 minutes before the release and bounced slightly to currently trade around 1.3080, virtually unchanged since opening.
Fed minutes showed members disagreed on the timing of ending the asset purchase programs. Several participants saw purchases slowing later in the year and stopping by year-end, while some saw a reduction in purchases at about midyear.
The minutes were released early because they were inadvertently sent a day early to Congress and some trade groups, the Fed said.
EUR/USD had dipped to a fresh daily low of 1.3064 minutes before the release and bounced slightly to currently trade around 1.3080, virtually unchanged since opening.
Fed minutes showed members disagreed on the timing of ending the asset purchase programs. Several participants saw purchases slowing later in the year and stopping by year-end, while some saw a reduction in purchases at about midyear.
The minutes were released early because they were inadvertently sent a day early to Congress and some trade groups, the Fed said.