27.07.2016 • 13:00 GMT
Fed Decision Attempts to Light Fire Under Dollar, S&P 500
John Kicklighter
• The FOMC rate decision is set for 18:00 GMT Wednesday and the next meeting will be a 'quarterly update' on Sept 21

• A rate hike is a very low probability, but the market has grown accustomed to looking for statement clues

• Pairs like EUR/USD, GBP/USD and USD/CAD are freer to react while USD/JPY will be constrained by BoJ anticipation
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