Fed keeps policy unchanged

The Federal Open Market Committee decided to keep its policy unchanged, maintaining the target range for the federal funds rate at 0 to 1/4 percent Wednesday and the bond-buying amount at $85 billion-per-month, giving few signals on the timing the bank could start tapering such program.
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USD/CAD soars to 1.0499

USD/CAD was one pip away from the 1.05 front after bulls outweighed bears to send the pair to session highs and altitudes not seen in almost two months.
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