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Hardy: What to expect from the FOMC meeting

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The July FOMC meeting is highly anticipated as the market seeks further clues as to when the US Fed may hike rates, says Saxo Bank’s John Hardy.

Hardy looks at what to expect from the FOMC statement and how USD may react against other major currencies as well as commodity currencies. He also looks at what incoming data will be key to gauging the state of the US economy and how the US Fed may respond.