In the broadcast today: USD and FOMC Meeting Outlook. Ahead of the Fed's upcoming interest rate announcement and in the aftermath of the worst day for the markets since December 2008 as a result of the historic downgrade of the U.S. credit rating by S&P, we continue to ponder the outcome of the FOMC meeting and explore the potential impact of the Fed's future monetary policy on the USD, we note the new record lows for the USD and the EUR against the CHF, we analyze the volatile, but still range-bound price fluctuations of the EUR/USD currency pair, we examine the prospects for JPY and CHF interventions, we keep an eye on the significant price corrections of the higher-yielding commodity currencies AUD, NZD and CAD, we highlight the global weakness in equities and the market's reaction to the Chinese CPI, the German Trade Balance, and the U.K. Industrial Production, we discuss new forecasts from Goldman Sachs, BNP Paribas and JPMorgan Chase, and prepare for the trading session ahead.
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