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Tuesday, August 30, 2011

Fed doesn't anticipate an economic contraction. Expects to consider the costs/benefits of 'various potential tools' in Sept meeting.

US Dollar falling off, risk rallying as Fed struck very dovish note seen through minutes.
FOMC Minutes Weighing Heavily on the greenback here. . . Dollar Losses Accelerate. . .
FOMC to consider costs, benefits of 'Various Potential Tools' . . . .
U.S. stock market little increased after FOMC minutes release. S&P 500 rose 0.1% to 1211.3, DJIA was up 0.14% to 11556.

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