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Forex pairs in this Article » EUR/USD (Edinburgh) - Markets in the US are trading on the back footing on Wednesday after the FOMC minutes unveiled the likeliness that the QE tapering could start in the upcoming months, depending on better data. The greenback is testing 3-day highs post-minutes, retaking the 81.00 handle. At the moment, DowJones is down 0.23% followed by the S&P500, 0.16% and the Nasdaq, 0.02%.

In the Old Continent, markets closed in a mixed tone following rumours that the ECB could adopt negative deposit rates in order to boost the economy in the region. The IBEX35 was the worst performance, dipping 0.73% and followed by the FTSE100, 0.25% and the CAC40, 0.09%. The German benchmark was the sole winner, up 0.10% for the day. The single currency is now navigating weekly lows around 1.3430/20, hurt by the ECB rumours and the FOMC tone.

In the commodities’ space, the barrel of crude WTI is trading almost unchanged around $93.30 while the ounce troy of gold is plummeting almost 2% around $1,250.
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