Weekly Fundamentals - Risky Assets Gained amid Speculations that Fed might Not Taper as Soon as Previously Expected

Financial markets were buoyed by Fed's minutes for the June meeting. As the minutes indicated that a number of officials remained skeptical about tapering of QE measures until economic recovery has confirmed a firm footing, investors felt more comfortable in trading on risky assets and selling the greenback. The IMF cut its global economic growth forecast with expansion in emerging economies expected to moderate more quickly than expected.

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Weekly Fundamentals - Risky Assets Gained amid Speculations that Fed might Not Taper as Soon as Previously Expected