What to look for on the report on monetary policy (KEYWORDS & USD REACTION)

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The FOMC day is here and the probability of a rate hike is close to zero. In my opinion this will not move the markets but the actual report on monetary policy will.

A hawkish report (hints and/or a timeline on future tapering) will be extremely bullish for the USD. On the other side, a dovish statement (much so like Powell's speech after the Jackson Hole Symposium) will see the USD tank.

Here is what to expect and what to look for on that report

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